CBI closes DA case against IDBI ex-deputy MD under probe in Kingfisher Airlines loan fraud

The CBI has closed a case of disproportionate assets against former IDBI deputy managing director B K Batra, who is also under investigation in a Rs 950 crore loan fraud case against now-defunct Kingfisher Airlines of fugitive liquor baron Vijay Mallya, officials said on Tuesday.

The CBI had booked Batra in 2018, a year after his arrest in connection with the loan extended to the airlines, for allegedly amassing Rs 1.69 crore of assets disproportionate to his known source of income from January 1, 2008 to July 30, 2016, during his tenure at the bank as chief general manager, executive director and deputy managing director.