The Supreme Court had also last week directed Mallya to adduce details of $40 million, which he had allegedly received from British firm Diageo in February. Expressing displeasure at Mallya not coming clean on disclosure of all his assets including the money that he reportedly received from Diageo, a bench of Justices Kurian Joseph and Rohinton F Nariman asked him to furnish complete details of his assets abroad in four weeks.
Currently, Kingfisher owes over Rs 9,000 crore to 17 banks including the SBI, IDBI Bank, PNB, BoI, Bank of Baroda, United Bank of India, Central Bank, UCO Bank, Corporation Bank, Indian Overseas Bank , Federal Bank , Punjab and Sind Bank, Axis Bank among others. So far, the ED has attached Mallya’s properties worth over Rs 8,000 crore under PMLA after the agency expanded its probe into the case. On August 23, the ED registered a fresh case against Mallya and Kingfisher for loan default of Rs 6,027 cr.
(Sourced from agencies, feature image courtesy:oneindia.com)
