Mallya skips ED again, seeks time till May

Mallya skips ED again, seeks time till May

No clarity on fresh date

Mallya skips ED again, seeks time till May

 For the third time in a row, liquor baron Vijay Mallya ignored the summons from the ED to appear before it on Saturday.

The Enforcement Directorate (ED) had summoned him in connection with a money laundering probe in Rs 900-crore IDBI loan fraud case.

He has repeated his request for a date in May for appearing before the investigating officer (IO) of the case in Mumbai. He informed the IO that he will be unable to depose personally as scheduled on Saturday.

Official sources said Mallya cited the ongoing legal proceedings in the Supreme Court over settlement of loans. He has also offered that his legal team could help the ED take the probe forward.

The ED had earlier asked Mallya to appear before it on March 18, which was postponed to April 2 following his non-appearance. He did not appear before it on April 2 also,   following which the fresh date of April 9 was given.

The ED will decide on the course of action to be taken against Mallya. It is not clear whether the ED is in a mood to give him time till May.

The agency has two options before it as Mallya has ignored three summons. The ED could either revoke his passport, or get a non-bailable warrant issued.

Mallya, who is in the United Kingdom, is facing a case of money laundering filed on the basis a CBI FIR into Rs 900-crore loan default case involving IDBI Bank. The ED is investigating whether he diverted the loan he received from IDBI Bank to his entities in India and abroad illegally. They are also looking into how the money was diverted.

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