Added on : 2023-03-23 12:16:21
The Central Bureau of Investigation (CBI) in its supplementary chargesheet filed in a Mumbai court has said that beleaguered businessman Vijay Mallya had enough funds with him to repay banks before he fled, but used that money to buy properties abroad instead.
The CBI in its supplementary chargesheet said Vijay Mallya bought properties worth Rs 330 crore in England and France during 2015-16 even as his Kingfisher Airlines was in crisis. The CBI chargesheet said banks had not recovered the loans defaulted by the liquor baron at that time.
Vijay Mallya is an accused in the alleged over Rs 900 crore IDBI Bank-Kingfisher Airlines loan fraud case being probed by the CBI, which filed a supplementary chargesheet before a special CBI court in Mumbai.