New Delhi: According to sources, Kingfisher Airlines allegedly diverted around Rs 4,000 crore which it had sought as loans from Public banks to tax havens. CBI will widen the probe from IDBI to 10 other banks which had given loan to the ailing airlines.
The 10 banks being investigated had given roughly 3100 crores to Kingfisher.
The 10 public sector banks whose loans have come under the scrutiny of CBI, besides IDBI, are UCO bank, Punjab National Bank, State Bank of India, Vijaya Bank, Bank of Baroda, Corporation Bank, Bank of India, United Bank of India, State Bank of Mysore and Indian Overseas Bank.
CBI on Sunday registered a case against Vijay Mallya, Director of defunct Kingfisher Airlines, the company, A Raghunathan, Chief Financial Officer of the Airlines, and unknown officials of IDBI Bank in connection with alleged default of over Rs 900 crore loan from the Bank.
It is alleged that the loan was sanctioned in violation of norms regarding credit limits.
The agency had on Sunday carried out searched at the offices and residence of Mallya in Mumbai, Goa, Bangalore and other places.
"The CBI officials visited UB Group premises in Bengaluru, Goa and Mumbai in the course of an investigation regarding a loan facility availed by Kingfisher Airlines.
"The company co-operated with the officials…," said the official spokesperson of the UB Group.
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