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ED summons Mallya, questions a former CFO

The Enforcement Directorate on Friday summoned liquor baron Vijay Mallya to appear before it, and also questioned a senior executive of the defunct Kingfisher Airlines as part of its investigations into the alleged default of Rs 900-crore owed to IDBI Bank.

TT Bureau Published 11.03.16, 12:00 AM

Mumbai, March 11 (PTI): The Enforcement Directorate on Friday summoned liquor baron Vijay Mallya to appear before it, and also questioned a senior executive of the defunct Kingfisher Airlines as part of its investigations into the alleged default of Rs 900-crore owed to IDBI Bank.

Official sources said Mallya, who left India on March 2, has been summoned to appear before the ED on March 18.

”The summons have been issued to Mallya under the PMLA in connection with the IDBI case,” they said, referring to the Prevention of Money Laundering Act.

The sources said Mallya has also been asked to furnish documents related to his personal finances.

Meanwhile A. Raghunathan, a former Chief Financial Officer of the Kingfisher Airlines, appeared before ED investigators here.

“His questioning is important to throw light on various financial transactions, as many of them are in his personal domain,” the official said.

The ED had issued summons to over half a dozen officials of the IDBI Bank and Kingfisher Airlines under provisions of the PMLA, and all the individuals have been asked to submit details about their personal finances and income tax returns of last five years to the investigators.

According to the official, Raghunathan, in his statement to the Serious Fraud Investigation Office recorded last month, had said Mallya was to blame for the financial crisis that felled KFA. Raghunathan said he had worked under the directions of Mallya.

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