Vijay Mallya bank loan fraud case: ED registers fresh case

NEW DELHI: Enforcement Directorate has registered a fresh money laundering case against Vijay Mallya and his associates to investigate the alleged loan default of Rs 6,027-crore availed from a consortium of sate-run banks, a case taken over by CBI recently.

Officials said the agency has filed the second criminal case under the provisions of the Prevention of Money Laundering Act ( PMLA) after it recently obtained details of the case from CBI which has filed its FIR after getting a complaint from the State Bank of India (SBI).

The CBI had early this month filed a fresh case under IPC Sections related to criminal conspiracy and cheating against Mallya on the basis of a complaint received from SBI on behalf of consortium of lenders for causing a loss of Rs 6,027 crore to them by not keeping repayment commitments of loan taken during 2005-10.

The agency said it wants to strengthen its probe against the beleagured liquor baron and expedite a slew of actions it has initiated against him, including getting issued a global arrest warrant by Interpol and attaching more of his assets under the stringent PMLA.