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Kingfisher Airlines case: CBI searches Mallya residence in Rs 900 cr loan default

Oct 10, 2015    

New Delhi: CBI today carried out searches atresidential and official premises of liquor baron Vijay Mallyaand his now-defunct company Kingfisher Airlines in five placesin connection with alleged default of over Rs 900 crore loanfrom IDBI Bank.CBI sources said searches were carried out at the offices and residence of Mallya in Mumbai, Goa, Bangalore and other places.They said a case was registered by the agency against Mallya, director of defunct Kingfisher Airlines, the company, A Raghunathan, chief financial officer of the airlines and unknown officials of IDBI Bank.It is alleged that the loa...

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