New Delhi: A day after business tycoon Vijay Mallya sought extension till May to appear before the Enforcement Directorate (ED) in Mumbai, the probe agency on Saturday re-issued summons and asked him to appear before them on April 9.
This is for the third time the ED has issued summons to Mallya in connection with a money laundering probe related to alleged fraud in a loan given to him by IDBI.
Mallya reportedly told the ED that he is busy negotiating with banks and that he will not attend the hearing.
Mallya-IDBI loan default case was based on a CBI FIR registered last year against him, the directors of his defunct Kingfisher Airlines, it's former Chief Financial Officer A Raghunathan and unknown officials of IDBI Bank.
The FIR said the loan was sanctioned in violation of norms regarding credit limits.
The agency is also investigating the overall financial structure of the now defunct Kingfisher Airlines and will look into any payment of kickbacks to secure the loan.
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