Vijay Mallya seeks time till May to appear before ED in Mumbai
Vijay Mallya seeks time till May to appear before ED
Liquor baron Vijay Mallya who left the country last month, has sought time till May to appear before the Enforcement Directorate (ED) in connection with an alleged money laundering case.
The agency investigating Mallya’s case under the Prevention of Money Laundering Act (PMLA), had directed him to appear for the deposition person before it on April 2.
Multiple agencies are probing his role after Kingfisher Airlines which he had promoted defaulted on bank loans. The company owes over Rs 9,000 crore to 17 banks in the country.
The ‘King Of Good Times’ informed the investigating officer of the case at ED’s Mumbai zonal that he will not be able to appear on scheduled date of April 2 and that he should be given a fresh date, sometime in May.
A few sources informed media that this time around they are unlikely to grant an extension and will possibly take legal action revoking Mallya’s passport. Also the only options left with the agency are of either issuing a third summon or moving the court for issuance of a non-bailable warrant (NBW) against him.
In the past, Mallya was summoned by the central probe agency to “appear in person” at its office in Ballard Pier on March 18 but after he sought more time citing his prior engagements, the agency asked him to depose on April 2.
