SBI Loan Default: CBI Registers Fresh Case Against Mallya

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New Delhi: The Central Bureau of Investigation has registered a fresh case against business tycoon Vijay Mallya after a complaint by the State Bank Of India in connection with loan default, an official said on Saturday. “We have registered a case against Mallya on the complaint of SBI,” a CBI official told IANS.

Mr Mallya flew to London on March 2 just days before a consortium of lenders knocked on the doors of the Supreme Court to recover Rs 9,431.65 crore in loan and interest.

Mallya has been issued summons by the court multiple times over the last few months, all of which were rejected by the businessman on the grounds that the media were out to vilify him.

The CBI has filed the FIR under charges of cheating and criminal conspiracy under the Indian Penal Code. It is being reported that the complainant in the case is the State Bank of India.