38.6c New Delhi, India, Saturday, February 04, 2023
Top Stories
Interviews Know The Law Book Reviews Videos
About Us Contact Us

ED files a fresh chargesheet against liquor baron Vijay Mallya

By Editor : Shreya Bansal      Jun 19, 2018      0 Comments      1,218 Views
ED files a fresh chargesheet against liquor baron Vijay Mallya

The Enforcement Directorate (ED) on Monday (June 18th, 2018) filed a fresh chargesheet against liquor baron Vijay Mallya, including his two companies, i.e., United Breweries Holdings Ltd (UBHL) and Kingfisher Airlines (KFA) on charges of money laundering.

The chargesheet has been filed before a special Mumbai court under the provisions of the Prevention of Money Laundering Act, 2002 for allegedly cheating a consortium of nationalized banks to the tune of over Rs. 6000 crores.

Earlier, ED filed its first charge sheet against Mallya in the alleged Rs. 900 crores IDBI Bank-Kingfisher Airlines loan fraud case and attached assets worth Rs. 9, 890 crores.

The fresh chargesheet is filed in pursuance of a complaint received from the State Bank of India (SBI) on behalf of the consortium of banks for causing loss of Rs. 6,027 crores.

Mallya is presently facing a trial in the UK Court to rule if he can be extradited to India to face charges for financial irregularities.

Enforcement Directorate
Share this article:

Editor : Shreya Bansal

Leave a feedback about this

Related Posts
View All



Crime, Police And Law
Gorakhnath temple attacker awarded death penalty
4 days ago


Lawstreet Advertisement

Signup for Our Newsletter

Get Exclusive access to members only content by email