New Delhi: The FIR filed by the Central Bureau of Investigation (CBI) against former liquor baron Vijay Mallya in July 2015 has revealed that some officers of IDBI bank had showed undue favour to Kingfisher Airlines in sanctioning Rs 900 crore loan.
Vijay Mallya and unknown IDBI Mumbai officers were named in the FIR accessed by CNN-IBN. The charges in the FIR pertained to criminal breach of trust, criminal conspiracy and criminal misconduct by bank officials.
The officers of the bank have been accused of helping Mallya in sanctioning Rs 900 crore loan despite weak financials, low credit rating and negative net worth.
Sources in the CBI said that the money was used by Kingfisher to pay off debts to other banks while a significant amount of the Rs 900 crore loan was also remitted out of the country.
The Enforcement Directorate also registered a case of money laundering against Mallya last week on the basis of the FIR.
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