Court allows CBI plea for issuing LoR to US for aiding probe against Mallya
A SPECIAL CBI court has allowed an application by the probe agency seeking issuance of a Letter of Request (LoR) to a competent judicial authority in the United States for conducting an investigation into a multi-crore bank fraud case against Vijay Mallya and the now-defunct Kingfisher Airlines.
The application by the CBI, allowed by special judge J C Jagdale on Monday, sought a LoR for a probe into utilisation of funds received in an account with First Commerce Bank, now called Pacific Premier Bank, between December 1, 2007, and March 31, 2009.
The LoR is also sought for a probe into collecting evidence pertaining to an amount of $20 million remitted by Airbus SAS in France in 2008 and another remittance from the State Bank of Mauritius in 2012 to the tune of $5,381 954.93, which the CBI claims “may have been meant” for Mallya, Kingfisher Airlines and/or their associates.
