www.thebuntline.com / email--buntline123@gmail.com

Tuesday, March 15, 2016

Vijay Malaya illegally transferred big money to tax heaven countries: ED

By on Tuesday, March 15, 2016

The property of Vijay Mallya, who a wine businessman has been declared ‘Willful Defaulter’ in 17 banks, will be ceased in and out of the country. “Mallya has transferred illegally a tidy sum of amount outside the country”, claimed CBI in its investigation after the forensic audit. Enforcement Directorate has worked out some important evidence. The CFO, A Raghunathan, has confirmed it.
The officer from ED told that the money from loan could not be transferred in foreign accounts; therefore Mallya has sent the amount illegally outside the nation; he kept in dark even the banks about it. The CBI has taken the banks' loan files in its custody. The case has been registered under the money laundering act in this connection.
The CBI is now investigating the sanctioned loans to Vijay Mallya. Agency is trying to find the reasons why the banks had sanctioned the loans were that the political pressure on them. The CBI suspected that the matter may have been the political links because how the banks sanctioned the amount of 9000 crore loans to Kingfisher Airlines in spite of being in big financial crunch?

According to information, Mallya has transferred these amounts to the tax heaven countries. The whole amounts were sent to the vendors of many countries. Mallya’s case has been referred to the ethics committees of Rajya Sabha. 
The lookout notice had been issued against him. Interpol can issue red corner notice against him. The PMLA court has been asked to issue the non-bailable warrant. Having escaped from the dispute, Mallya has left the country on 2nd march that caused a political wrestling in the matter.

0 comments:

Post a Comment

Thank you for comment on our post. Your comment is important for us, it will be reviewed and soon action will be taken.