The agencies have reported that the loan defaulter Vijay Mallya wil not give his presence before the Enforcement Directorate (ED) and it is the third time Mallya has not presented himself after being summoned. Presently the liquor barren has asked for a new date which will be towards the end of May.
Mallya should have present himself before the Enforcement Directorate investigator’s in Mumbai, in connection with the money laundering probe for more than 900 crores IDBI loan fraudulent practices. The ED officials have hinted that April 9th summons will be the last Mallya as under the Prevention of Money Laundering Act.
The investigating officer of the case has granted his plea to postpone his appearance until now, which is both on technical side as well as legal grounds. The ED has filed a money laundering case against Mallya and others which is based on the FIR registered last year by the CBI.
Mallya is presently reported to be in the UK after he has left India on March 2nd. The bench has agreed with the consortium that Mallya’s presence was very crucial in the country to show his bona fides that he very serious about settling his dues.
