Kingfisher termed ED’s claim as “false and incorrect”.


New Delhi, April 19, in reply to the last summons, Mallya had informed the Investigating Officer (IO) of the case here that he will be unable to depose personally as scheduled citing the ongoing legal proceedings going in the Supreme Court over settlement of loans.

The agency had issued fresh summons in the first week of April to Mallya asking him to appear on April 9 after he sought two extensions from the earlier dates of March 18 and April 2 citing official reasons.

ED on Saturday had told the court that out of the over Rs 900 crore which Mallya’s company had borrowed from IDBI for using it in Kingfisher Airlines, Rs 430 crore was diverted and spent on purchase of property abroad

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