Kingfisher fraud: Case against guilty bank officials soon

Vijay Mallya

New Delhi: Many senior bank officials who had dealt with loans given to liquor baron Vijay Mallya’s Kingfisher Airlines may be named as accused in a CBI charge sheet which is likely to be filed within a month, sources said.

This would be first charge sheet in the case pertaining to loans of over `6,000 crore given to Kingfisher by a consortium of 17 banks led by State Bank of India which alone had an exposure of `1,600 crore.
The agency has already filed a charge sheet against Mallya last year in connection with a separate case related to `900 crore pending loan given by IDBI bank in which senior officials of the bank were allegedly involved.
The CBI had registered two cases against Mallya related to the IDBI loans in 2015 and consortium loan in 2016.
Refusing to give names of the officials, the sources said the first phase of probe into loans given by a consortium of banks is almost complete and the charge sheet may be filed within a month while keeping the investigation open.
Both serving and retired senior officials of the banks including the State Bank of India who had handled Kingfisher Airlines loans may be named as accused in the charge sheet as the agency has gathered enough evidence against them on misuse of official position, they said.

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