Vijay Mallya as he arrives at Westminster Magistrates’ Court in London, U.K., on June 13, 2017. (Photographer: Chris Ratcliffe/Bloomberg)

Enforcement Directorate Files Fresh Charge Sheet Against Vijay Mallya

The Enforcement Directorate today filed a fresh charge sheet against embattled liquor baron Vijay Mallya, two companies linked to him and others on charges of money laundering for allegedly cheating a consortium of nationalised banks to the tune of over Rs 6,000 crore, officials said.

The agency has filed the charge sheet, also known as prosecution complaint, before a special court under the provisions of the Prevention of Money Laundering Act.

It has named Mallya, Kingfisher Airlines, UBHL (United Breweries Holdings Ltd.) and others in the voluminous charge sheet, they said.

PTI was the first to report yesterday that after this charge sheet, the central probe agency would immediately seek permission from a court to "confiscate" assets worth more than Rs 9,000 crore of the beleaguered businessman and his firms under the recently promulgated Fugitive Economic Offenders Ordinance.

Also read: Vijay Mallya Faces Fresh Money Laundering Charge Sheet, Fugitive Tag

The ED had last year filed its first charge sheet against Mallya, now in London, in the alleged Rs 900-crore IDBI Bank-Kingfisher Airlines loan fraud case. It has attached assets worth Rs 9,890 crore in this case till now.

The fresh charge sheet revolves around the complaint received from State Bank of India on behalf of the consortium of banks for causing loss of Rs 6,027 crore to them by not keeping repayment commitments of the loans taken during 2005-10, they said.

The ED has based its investigation in this instance after taking cognisance of a CBI FIR.