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ED to file first chargesheet against Mallya and others

ED to file first chargesheet against Mallya and others
The Enforcement Directorate (ED) is set to file its first charge sheet against Vijay Mallya and others in the IDBI bank loan default case.

Officials said the agency has been preparing the charge sheet for quite sometime now and it will be filed in a court in Mumbai in the next few days.

The charge sheet, which is expected to be voluminous, will include statements from numerous executives and investigation of assets and transactions of the accused from both the Kingfisher Airlines (KFA) and the IDBI bank.

The agency is probing this alleged loan fraud case under the Prevention of Money Laundering Act (PMLA).

A similar dossier has been filed by the CBI in a court in Mumbai in January.

The charge sheet, called prosecution complaint in the ED's parlance, will detail the proceeds of crime generated by the accused as investigated under the provisions of PMLA, the officials said, adding the same will also be furnished to the competent court in the UK which will hear the extradition proceedings against him.
The liquor baron was today arrested in London by Scotland Yard on India's request for his extradition on fraud charges.

The agency has attached assets worth Rs 9,661 crore in this case till now and has also obtained a court-issued proclamation declaring Mallya an absconder in this
PMLA case.

Team MP

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