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Not concerned with or connected to Kingfisher Airlines: UBL

CBI in its charge sheet said that it diverted Rs 263 cr from Rs 900 cr IDBI loan for 'personal use'

Press Trust of India  |  New Delhi 

A Kingfisher Airlines aircraft is seen parked at the airport in New Delhi

Embattled businessman Vijay Mallya-led today said it is not privy to any of the loans taken by or investigations related to it.

"UBL is an independent listed entity engaged in beer business and is not concerned with KFA (Kingfisher Airlines) in any manner whatsoever," Limited (UBL) said in a reply to Bombay Stock Exchange.

The BSE had sought clarification from UBL on reports of CBI charging with fraud and criminal conspiracy.

CBI in its charge sheet said that Mallya-led diverted Rs 263 crore from Rs 900 crore IDBI loan for "personal use".

The charge sheet names former liquor baron Vijay Mallya, and nine others, including the then IDBI Chairman Yogesh Aggarwal who was arrested on Monday, in connection with the 2015 loan default case.

"At the outset, Limited (UBL) is not privy to any of the loans taken by KFA and also not privy to any investigation, inquiry or events related to KFA and/or any person or matter relating thereto," UBL said.

The company said that it is not aware of any announcement or item pertaining to KFA and "we too come to know about such from newspapers and media reports only".

Nine persons, including former executives of Kingfisher Airlines and IDBI officials, were arrested on Monday as the agency fears they might have influenced the witnesses.

CBI has slapped IPC sections related to criminal conspiracy, cheating and provisions of Prevention of Corruption Act on the accused.

First Published: Wed, January 25 2017. 22:22 IST