Hindi News | Samay | UP/Uttarakhand | MP/Chhattisgarh | Bihar/Jharkhand | Rajasthan | Aalami Samay
  Aalami Sahara Rashtriya Sahara Roznama Sahara
CBI searches Mallya's UB offices in Bengaluru
Last Updated : 23 Jan 2017 07:23:43 PM IST
CBI searches Mallya\
(File photo)


The Central Bureau of Investigation on Monday searched the offices of Vijay Mallya-owned United Breweries (UB) group here, a CBI official said.

"A 12-member team of the CBI is searching the offices in the UB City with a search warrant from a Delhi court. We are providing logistical support and assistance to the team," the official told media.

Though the official declined to specify the reason for the search warrant, informed sources hinted that the exercise was in connection with a FERA violation case against the group companies and Mallya.

The group company said its officials were cooperating with the CBI team.

On November 4, a Delhi court issued a non-bailable warrant against Mallya for allegedly evading summons in a case of FERA violation.

The CBI search comes three days after the Debt Recovery Tribunal's Bengaluru bench ordered the attachment and recovery of Mallya's properties for defaulting on bank loans by his defunct Kingfisher Airlines Ltd.

Allowing a joint petition filed in June 2013 by a consortium of 17 banks led by the State Bank of India (SBI), the Tribunal's Bengaluru bench said properties of Mallya and Kingfisher worth Rs 6,203 crore ($909 million) be recovered from them with 11.5 per cent interest per annum since July 26, 2013 over unpaid loans.


For Latest Updates Please-

Join us on

Follow us on

Post Your Comment (0 posted):
Post your comment Post Your Comments
Your name :
Your e-mail address :
Your website :
Add your comments :
Please enter the code you see in the image:

A fight over mutton curry not being served properly at a wedding claimed the life of a man

Filmmaker Christopher Nolan has penned a note for veteran actress Dimple Kapadia, who feat

LG Electronics Inc said on Wednesday that it will introduce new C with its artificial inte


Samay Live
Samay Live
Samay Live
Samay Live
Samay Live
Samay Live
Samay Live
Samay Live