Kingfisher Airlines case is being investigated by SFIO, confirms Arun Jaitley

The parliament has confirmed that Serious Fraud Investigation Office (SFIO), the agency that probes white-collar crimes is currently investigating the long-grounded Kingfisher Airlines for its alleged financial irregularities.

"SFIO is currently investigating Kingfisher Airlines. Since investigation is in progress, no comments are offered at this stage," Corporate Affairs Minister Arun Jaitley said while replying to Rajya Sabha’s query about lapses by the auditing firms that are handling the UB Group case.
It was in 2012 thatr Vijay Mallya's Kingfisher Airlines was grounded because of huge debts and operational issues.

However, this is not the only reason for Mallya’s worry, who fled India because of huge loans on his head, which he owes to several state-run banks in India.

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