A special PMLA Court on Monday issued non bailable warrant against Kingfisher Airlines owner Vijay Mallya. The court also rejected the plea by Kingfisher Airlines challenging Enforcement Directorate’s claim that Rs 430 crore was siphoned off by Mallya for acquiring properties abroad.
The Kingfisher Airlines had moved an application in the special PMLA court in Mumbai terming as “false and incorrect” Enforcement Directorate’s charges against Mallya that he had siphoned off Rs 430 crore of the IDBI loan and used this money to acquire property abroad.
“This fact may have a bearing in the mind of the court so we wanted to correct it and place it before the court. ED’ charges are false and incorrect,” said advocate Pranav Badeka of the now defunct Kingfisher Airlines (KFA).
