New Delhi: The Enforcement Directorate on Tuesday summoned former IDBI chairman Yogesh Agarwal in connection with the Kingfisher loan case. The agency has been interrogating IDBI officials about the loan disbursal to Vijay Mallya's company.
It is being investigated by the agency if the loan money was used by Kingfisher Airlines to pay off debts owed to other banks.
Meanwhile, in more trouble for business tycoon Vijay Mallya, a Hyderabad court has issued five more non-bailable warrants against him and former chief financial officer of the long-grounded carrier.
Fresh warrants have been issued based on GMR group's plea. The group complains that Mallya defaulted on payments and cheques issued by KFA bounced.
The Enforcement Directorate has summoned the liquor baron to appear before it in Mumbai on March 18 as part of its money laundering probe in the alleged default in payment of Rs 900 crore dues to IDBI bank by Kingfisher Airlines.
While it has been widely reported that he had left for London, Mallya himself has been silent about his whereabouts but has been tweeting occasionally including to say he was not an "absconder" and he would comply with the "law of the land".
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