Mallya’s accounting books disappear amid Rs 9000 crore loan probe
Vijay Mallya
Business tycoon Vijay Mallya’s Rs 9000 crore loan recovery case has witnessed a number of bizarre events since the State Bank of India led consortium of banks approached the court earlier this year.
After failing to reach a consensus or meaningful settlement, the executives of the now defunct Kingfisher Airlines Ltd have informed officials of the Serious Fraud Investigation Office (SFIO) that their accounting books have gone missing.
According to the airline authorities, the computers and servers that stored all the data pertaining to non-payment of dues were taken away by a vendor and are missing since then. Moreover, the airline has claimed that they do not have any backup of the files.
Owing the missing data, the investigation into Mallya’s loan recovery case is likely to get delayed even further. The investigation agencies will now be seeking information from lenders and other financial entities to continue with the investigation.
Last month, a special court in Mumbai declared Mallya a ‘proclaimed offender’ after the Enforcement Directorate (ED) accused him of using major portion of the Rs 9000 crore loan for purposes other than what the it was intended for.
Mallya is believed to be residing in London since he left India in March.
