Money laundering case: No intimation of Mallya appearing before ED today | india | Hindustan Times
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Money laundering case: No intimation of Mallya appearing before ED today

ED is yet to receive a response to its third summons issued against former liquor baron Vijay Mallya to present himself before the investigators in Mumbai on Saturday.

india Updated: Apr 09, 2016 18:21 IST
PTI
Vijay Mallya

ED is yet to receive a response to its third summons issued against former liquor baron Vijay Mallya to present himself before the investigators in Mumbai on Saturday.(AP File Photo)

ED is yet to receive a response to its third summons issued against former liquor baron Vijay Mallya to present himself before the investigators in Mumbai on Saturday. Mallya has been summoned in connection with a money laundering probe in the over Rs 900 crore IDBI loan fraud case.

The agency had issued fresh summons last week to Mallya, asking him to appear on April 9 after he sought two extensions from the earlier dates of March 18 and April 2 citing official reasons.

Officials said they have no news on him joining the probe or absenting again.

Officials did not say what the next legal course of action will be if the United Breweries (UB) group chairman chooses to skip the date. The options may include revoking his passport and/or issuing a non-bailable warrant against him.

ED officials had earlier hinted that the April 9 summons could possibly be the last to Mallya. Under the Prevention of Money Laundering Act (PMLA), summons cannot be issued more than three times.

The Investigating Officer (IO) of the case had allowed his plea to postpone his appearance till now, both on technical and legal grounds.

Read | Can India bring Vijay Mallya back? Only time will tell

It is understood that Mallya, while seeking extensions, had informed the IO that cases related to bank loans were currently sub-judice in the Supreme Court and he was trying to settle these loans with the help of his legal and corporate team and, hence, would require some more time.

Mallya was first summoned by the agency to “appear in person” at its office in Mumbai on March 18 but he sought more time citing his prior engagements, following which the agency asked him to depose on April 2.

Mallya, who is facing legal proceedings for alleged default of loans worth over Rs 9,000 crore from various banks, was also directed by the Supreme Court on Friday to disclose all assets owned by him and his family in India and abroad by April 21.

The Supreme Court also sought to know when he will he will appear before the apex court.

The directions by the apex court came after a consortium of banks led by State Bank of India “unanimously rejected” his proposal to pay Rs 4,000 crore by September towards settlement of his loans.

The bench agreed with the consortium that Mallya’s presence was necessary in the country to show his bona fides that he was serious about settling his dues.

He is reported to be in the UK after he left India on March 2.

The ED has registered a money laundering case against Mallya and others based on an FIR registered last year by the CBI. The agency is also investigating financial structure of the now defunct Kingfisher Airlines and looking into any payment of kickbacks to secure loans.

Read | Bankers unhappy with Mallya’s ‘sweetener’ deal of Rs 4,000 crore