Mumbai court issues non-bailable warrant against Vijay Mallya
The court had rejected applications moved by Kingfisher Airlines that termed ED's claim about using loan for personal property as false.
Mumbai: A Mumbai court on Monday issued a non-bailable warrant against liquor baron Vijay Mallya in connection with the money laundering probe in the over Rs 900-crore IDBI loan fraud case.
"A non-bailable warrant (NBW) has been issued," said special Prevention of Money Laundering Act court judge P R Bhavke on a plea filed by the Enforcement Directorate (ED).
The 60-year-old industrialist, who is in the UK, has skipped three summons issued by ED. He had also sought time till May to depose before the officials.
Separately, the court also rejected Kingfisher Airlines' plea challenging ED's claim that Rs 430 crore was siphoned off from the Rs 900 crore loan taken from IDBI Bank and used it to acquire properties abroad.
Kingfisher termed ED's claim as "false and incorrect". On April 9, in reply to the last summons, Mallya had informed the Investigating Officer (IO) of the case here that he will be unable to depose personally as scheduled citing the ongoing legal proceedings going in the Supreme Court over settlement of loans.
Read: Mallya did not use Rs 430 crore to buy properties abroad: Kingfisher tells court
The agency had issued fresh summons in the first week of April to Mallya asking him to appear on April 9 after he sought two extensions from the earlier dates of March 18 and April 2 citing official reasons.
ED on Saturday had told the court that out of the over Rs 900 crore which Mallya's company had borrowed from IDBI for using it in Kingfisher Airlines, Rs 430 crore was diverted and spent on purchase of property abroad.