Vijay Mallya, the Indian liquor baron who had sought a month’s time to appear before the Enforcement Directorate (ED), in the alleged money laundering case will be summoned once again by the ED.
According to Business Standard, the development was confirmed by an ED official, who said "The third summons will be issued in the next 48 hours, and the final call on the next date will be decided."
"Further extension could be given to Mallya as the bank loan case against Mallya is getting heard in Supreme Court, so immediate action could not be taken right now. But, all these would be examined on Saturday," said a top ED told official.
On Friday, Vijay Mallya was supposed to appear before Enforcement Directorate in Mumbai on April 2, but decided against it. His consul informed the government department about the decision and asked to extend the deadline till the first week of May.
However, the ED this time does not seem to give further extension to the embattled tycoon, "We have already given him two dates and he himself asked for the April date. Now, if he fails or denies to appear, then we will proceed against him under the prescribed law," said an ED source.
According to DNA India, The ED is investigating the "proceeds of crime" that would have been generated using the slush funds of the alleged ‘loan fraud’. The government agency is also probing if, some of the funds were sent abroad illegally.
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