New Delhi:
The Central Bureau of Investigation on Saturday searched at the residential and official premises of liquor baron Vijay Mallya and his now-defunct company Kingfisher Airlines in five places in connection with alleged default of over Rs 900 crore loan from IDBI Bank.
CBI sources said searches were carried out at the offices and residence of Mallya in Mumbai, Goa, Bangalore and other places.
They said a case was registered by the agency against Mallya, Director of defunct Kingfisher Airlines; the company; A Raghunathan, Chief Financial Officer of the Airlines; and unknown officials of IDBI Bank.
It is alleged that the loan was sanctioned in violation of norms regarding credit limits.
No immediate reaction was available from the company.
Mallya would soon be called for examination in connection with the case, sources said.
