Vijay Mallya had no intention of repaying bank loan, says CBI | Oneindia News
- 7 years ago
According to a supplementary chargesheet filed by the CBI, Kingfisher Airlines chief Vijay Mallya had no intention of honouring a personal guarantee he had given to IDBI Bank, even before his now defunct private carrier allegedly got involved in a loan default worth Rs 900 crore. The supplementary charge sheet says that Mallya tried every trick in the book to hide his own personal funds when IDBI began chasing him for the money. The CBI alleged that Kingfisher Airlines Ltd, its corporate guarantor United Breweries (Holding) Ltd and personal Guarantor Vijay Mallya misled banks and obtained loans with the intention of cheating.