Mallya case: CBI sleuths visit UB Group offices in Bengaluru

BENGALURU: The Central Bureau of Investigation officials raided the Vijay Mallya-owned UB Group offices at UB City in connection with a money laundering case on Monday. A UB spokesperson confirmed this saying: “We are fully cooperating with them.”

The CBI team looked into various transactions made by the company. The Enforcement Directorate has registered a case against Mallya for alleged money laundering.

The raid follows an order passed by the Debts Recovery Tribunal in favour of State Bank of India-led consortium to recover Rs 6,203.35 crore from Mallya.

61-year-old Mallya flew to Britain on March 2, 2016 after the consortium moved the tribunal in February last year to expedite the hearing on its debt recovery petition. He was also declared as offender in money laundering case in June by Mumbai court after a petition filed by Enforcement Directorate and his passport was suspended by the ministry of external affairs and requested the UK government to deport him.