CBI Seeks Red Corner Notice for Vijay Mallya

       Published : May 13, 2016 14:07 IST    

CBI Seeks Red Corner Notice for Vijay Mallya

Vijay Mallya elapsed on March 2nd after the pressures given from the bank for his 900 crores loan amount. IDBI bank gave such a huge amount for his Kingfisher Airlines. He had misused the amount by buying the asset aboard from part of that loan amount.

He denies these charges filed against him and flew to London when Mumbai court provided arrest warrant for him. This was unnoticed by the government and bank. Now they are demanding London government to expel the business man from its country. His passport had been cancelled a month ago by the Indian government.

But Britain clearly said as per the law, an individual does not require a valid passport in order to remain in UK.  After Britain turn down the request of India to deport Vijay Mallya, Enforcement Directorate (ED) approached INTERPOL (World's largest International Police Organization) seeking the arrest warrant against him in money laundering case. Now the CBI had sent red corner notice to Interpol for publication.

His 90 crores villa in Goa has been ceased by the bank.  As per the estimated value, his assets in form of buildings, bank balances, lands, vehicles and other things in India will be around Rs. 7000 crores.

As per the sources, it is not the first time UK government refusing India in extradition request. There are about 130 cases and not even in single case Britain accepted India’s request. They had rejected either with insufficient evident or case lost for several years.

Earlier, JDU President Sharad Yavad said 'Government slept when he fled away and allowed him to escape'

The Finance Minister Arun Jaitley says they are taking steps to bring back the money laundering tycoon to India to recovery more than 9000 crores loan amount.

CBI Seeks Red Corner Notice for Vijay Mallya

CBI Seeks Red Corner Notice for Vijay Mallya

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