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Mallya skips ED again, seeks time till May

Liquor baron Vijay Mallya failed to appear before the ED for the third time on Saturday as he sought time till May to depose before it in connection with a money laundering probe in the over Rs 900 crore IDBI loan fraud case.

The beleaguered businessman informed the Investigating Officer (IO) of the case in Mumbai that he will be unable to depose personally as scheduled today citing the ongoing legal proceedings going in the Supreme Court over settlement of loans, officials said.

However, it is understood that he has suggested his legal team can help ED in taking the probe forward. Sources did not immediately comment as to what next step the agency will take now as he has sought time till May, a request he made to the IO last week too and which was turned down.

“The next action will be decided in due course,” they said. The agency had issued fresh summons last week to Mallya asking him to appear on April 9 after he sought two extensions from the earlier dates of March 18 and April 2 citing official reasons.

Officials had, however, said that the agency has by and large two options in case an accused skips appearance on summons thrice, the maximum time allowed under PMLA. 
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