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Vijay Mallya has 7 days to return to India and appear before the ED

Mar 11, 2016, 17:29 IST
Vijay Mallya has been summoned by the Enforcement Directorate (ED) and the liquor baron has got a week’s time to appear before it in the alleged default in payment of Rs 900 crore dues to IDBI bank.
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As per news reports, Mallya has to appear before ED on March 18.

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

The summons were issued on a day when A Raghunathan, a former Chief Financial Officer (CFO) of the grounded Kingfisher Airlines, appeared before ED investigators at its office in the Ballard Pier area here.

"We had summoned Raghunathan and he appeared before us for questioning this morning.

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The ED had issued summons to over half a dozen officials of the IDBI bank and Vijay Mallya-owned Kingfisher Airlines(KFA) under provisions of the PMLA wherein all the individuals have been asked to submit details about their personal finances and Income Tax Returns (ITRs) of last five years to the investigators.

According to the official, in his statement to the SFIO--recorded last month--, Raghunathan has put the blame on Mallya for the financial crisis that felled KFA and said he worked as per the directions from the latter.

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