Mumbai: Enforcement Directorate (ED) on Wednesday filed its first charge sheet against liquor baron Vijay Mallya, Kingfisher Airlines, two Kingfisher Airlines executives and five IDBI Bank officials in connection with Rs 900 crore money laundering case.
The charge sheet will now be submitted before the Westminster Magistrates’ Court, where the Indian government’s case for Mallya’s extradition is going on. The next hearing is on July 6.
The charge sheet was filed in ED’s court on Wednesday under Section 45 of the Prevention of Money Laundering Act (PMLA).
The probe agency believes the charge sheet would make the case stronger. “We will also provide additional evidence against Mallya in the London court. This would strengthen our case for his extradition,” said ED’s lawyer Hiten Venegavkar.
The 5,500-page charge sheet against Mallya says how he allegedly diverted funds from the Rs 900-crore loan received from IDBI Bank for his personal expenses and the said diversion of funds to group entities in India and abroad.