Fresh Case lodged against Vijay Mallya by CBI


The CBI has enlisted a new body of evidence against ambushed alcohol noble Vijay Mallya for charged abnormalities in reimbursement of Rs 1,600 crore advance taken from the State Bank of India.

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CBI sources said a body of evidence has been enrolled against Mallya and others in the wake of getting a protestation from the State Bank of India, which is driving a consortium of 17 banks that have offered credits to Kingfisher Airlines.

The sources said it was asserted that Mallya had tried to recast his advance reimbursement in which data was smothered by the specialist.

The organization has as of now recorded an instance of claimed credit default by the now-old Kingfisher Airlines to the IDBI Bank.

The aircraft, possessed by Mallya, had taken Rs 6,900 crore from a consortium of 17 loan specialists in mid 2010 following a second obligation rebuilding for the carrier.

The SBI has a presentation of Rs 1,600 crore to the carrier. Out of this, the brokers, which reviewed the credit in February 2013, could recuperate just around Rs 1,100 crore in the wake of offering vowed shares of UB Group organizations.

Different banks that have presentation to the carrier incorporate the Punjab National Bank and IDBI Bank (Rs 800 crore every), Bank of India (Rs 650 crore), Bank of Baroda (Rs 550 crore), Central Bank of India (Rs 410 crore).

The UCO Bank needs to recoup Rs 320 crore, Corporation Bank (Rs 310 crore), State Bank of Mysore (Rs 150 crore), Indian Overseas Bank (Rs 140 crore), Federal Bank (Rs 90 crore), Punjab and Sind Bank (Rs 60 crore) and Axis Bank (Rs 50 crore).

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