The CBI had issued LOC against Mallya calling for his detention if he intends to leave the country or arrive here from abroad but in a surprise move it was diluted asking the immigration authorities to merely inform the agency in case of his travel.
Mehul Choksi said that he had neither left the country post the registration of the complaint against him by the CBI or the ED nor has he refused to return.
Arguing for the police, prosecution lawyer Ujjwala Pawar told the court that Bharadwaj was an “active member” of the banned CPI-Maoist and the police needed to question her about her activities.
Mallya, through his advocates, filed an application before the court stating that the properties mentioned in the ED plea are also included in an appeal before the Appellate Tribunal involving State Bank of India and 11 other banks.
The ED has sought that Mallya, who is currently in the UK, be declared an FEO and his properties be confiscated and brought under the control of the Union government as per provisions of the new FEO Act.
The order is not an instruction to enter, which means the banks have the option to use the order as one of the means to recover estimated funds owed to them in relation to money lent to Mallya’s now-defunct Kingfisher Airlines.
The probity watchdog is learnt to have shared its findings, compiled on bank frauds as on March 2017, with the RBI, ED and CBI among others, officials said.
Bengaluru police had in July informed the court that it has identified 159 properties belonging to Mallya for attachment.
The campaign, which is a nationwide programme, is also being used to collect funds for Congress party. The target given for Gujarat is Rs 25 crore and the leaders here are confident of meeting the target.
Vijay Mallya has claimed that he had made comprehensive settlement offers to the consortium of banks under the State Bank of India, to whom he had defaulted on a loan in 2016.
Sources have confirmed that Mallya’s bank transfer was converted into an SAR (Suspicious Activity Report) by the UKFIU and marked for information to the Central Bureau of Investigation (CBI) and the Enforcement Directorate (ED) in New Delhi.
Businessman-politician nexus has undermined state’s independence, promotion of public good.
The letter, curiously, makes out that the agency was unaware of the system of alerts via the APIS and now that they had been made aware of it, there was no need for Vijay Mallya’s detention.
Calling demonetisation the world’s biggest scam to convert black money into white, Rahul Gandhi said the exercise took money from farmers, women and deposited it “in pockets of thieves such as Vijay Mallya”.
The loans were taken from a consortium of 17 banks led by the State Bank of India (SBI). Kingfisher began defaulting on them beginning 2009-10.