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Mallya case: ED expands probe, to add fresh charges

NEW DELHI: The Enforcement Directorate has expanded the ambit of its money-laundering probe against beleaguered businessman Vijay Mallya and will now investigate

Published on: Aug 18, 2016 06:22 AM IST
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NEW DELHI: The Enforcement Directorate has expanded the ambit of its money-laundering probe against beleaguered businessman Vijay Mallya and will now investigate the alleged default of 6,027 crore worth of loans availed from a consortium of banks. Officials said the agency has obtained details of the case from the CBI, and charges of cheating of the 17 banks are expected to be incorporated in the case registered under the Prevention of Money Laundering Act against the liquor baron.

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