ED set to take action against Mallya, seeks CBI's FIR copy

The Enforcement Directorate (ED), which is set to take action against liquor baron Vijay Mallya, has sought a copy of FIR from the Central Bureau of Investigation (CBI) in connection with a bank loan fraud to the tune of Rs. 6,027 crore.

ED sources told ANI that the directorate is likely to confiscate Mallya's assets worth Rs. 6,000 crore.

The ED has been identifying the liquor baron's assets worth Rs. 6,000 crore for confiscation.

On the basis of the CBI's FIR, the ED will register a fresh case and take action.

A special court had earlier declared Mallya an absconder and issued a non-bailable warrant against him.

The ED has also probed a case against Mallya file by the IDBI bank.

Last week, the CBI too had registered a new case against the liquor baron on a complaint filed the State Bank of India (SBI) under Section 420 of the Indian Penal Code (IPC).

Mallya flew to London on March 2 just days before a consortium of lenders knocked on the doors of the Supreme Court to recover the debt.

The one-time owner of Kingfisher Airlines owes 17 banks, including the SBI, over Rs. 9,000 crores with interest.

Mallya is under investigation by various agencies, including the ED and the Serious Fraud Investigation Office (SFIO), which probes white collar crimes.