associate sponsors


Vijay Mallya case: CBI sleuths visit UB Group offices in Bengaluru

Bengaluru: A team of CBI officials today visited the offices of the UB Group led by Vijay Mallya, who is facing the process of recovery of Rs 6,203 crore from banks in the Kingfisher case and has been declared a proclaimed offender by a court.

Vijay Mallya. AFP

Vijay Mallya. AFP

"A team of CBI officials from Delhi visited the UB group offices in Bengaluru," a senior CBI official told PTI but did not divulge any details.

"I do not have any details on the issue," he said.

Meanwhile, the UB Group spokesperson also confirmed the visit of the CBI officials to their offices and stated that they were cooperating with them.

"A CBI team visited the UB Group offices in Bangalore (Bengaluru) today and we are fully cooperating with them," the spokesperson said.

The CBI officials' visit to UB Group offices comes days after the Bengaluru Debt Recovery Tribunal on 19 January  ordered the SBI-led consortium of banks to start the process  of recovering Rs 6,203 crore at an annual interest rate of 11.5 percent from the embattled tycoon and his companies in the Kingfisher Airlines case.

Mallya, who left the country on 2 March and is now in the UK, has been declared a proclaimed offender by a special People's Money Laundering Act court in Mumbai on a plea by the Enforcement Directorate in connection with its money laundering probe against him in the alleged bank loan default case.

Updated Date: Jan 23, 2017 18:24 PM

Also Watch

Watch: The true stories from Dharavi that inspired Rajinikanth's Kaala
  • Thursday, March 8, 2018 Watch: Cyrus Khan talks about Parkour, jumping across walls and why he hates sitting
  • Thursday, May 31, 2018 Unwind: India's basketball sensation Amjyot Singh has his eyes set on becoming an NBA regular
  • Monday, May 28, 2018 First Day First Showsha — Review of Solo: A Star Wars Story in 10 questions
  • Saturday, May 19, 2018 Social Media Star: Rajkummar Rao and Bhuvan Bam open up about selfie culture, online trolls

Also See