New Delhi: The Enforcement Directorate (ED) on Wednesday asked the Regional Passport Office (RPO) in Delhi to revoke business tycoon Vijay Mallya's passport after he failed to appear before the probe agency despite repeated summons.
Mallya is being investigated on charges of misappropriating a Rs 900 crore loan from IDBI bank for the now defunct Kingfisher Airlines as well as faces charges of conspiring with banks officials to flout norms to get the loan sanctioned.
On April 9, Mallya for the third time dodged the ED summons and sought time till May to appear before it.
Mallya cited that he would not be able to appear as he is currently negotiating with banks for repaying loan. Supreme Court had earlier directed Mallya to be present before it on March 30, with his passport, after it came to known that he had left the country on March 2.
He was first summoned by the ED to appear in person at its office in Mumbai on March 18 but he sought more time citing his prior engagements, following which the agency asked him to depose on April 2. The third summon was issued to him on April 9.
Mallya is facing legal proceedings for alleged default of loans worth over Rs 9,000 crore from various banks.
A consortium of 13 banks have moved the court seeking the freezing of his passport.
Comments
0 comment