Bringing more trouble to business tycoon Vijay Mallya, the Central Bureau of Investigation (CBI) has decided to invoke allegation of cheating against him, Kingfisher Airlines and all those who are alleged in Rs 900-crore IDBI Bank loan willful default case.
A senior CBI official said:
“Apart from corruption, criminal conspiracy and breach of trust, cheating charges are also being pressed against the accused, given that they allegedly defrauded the bank of the loan amount.”
The CBI also indicated that they are aware of the current whereabouts of Mallya, and that they have expanded the scope of the probe to the loans of over Rs. 7,000 crore taken by Kingfisher Airlines from 17 banks.
In relation to the company’s over 5 lakh transactions, the CBI has put at least four countries under scrutiny and also asked these countries for details with regards to these transactions.