ED files charge sheet against Mallya, others in KFA-IDBI PMLA case

The ED today filed its first charge sheet against liquor baron Vijay Mallya and others in connection with its money laundering probe in the IDBI-KFA bank loan case.

The 57-page charge sheet or prosecution complaint, with voluminous annexures, was filed under various sections of the Prevention of Money Laundering Act (PMLA) before a special anti-money laundering court here.

The Enforcement Directorate had registered a criminal



case in this deal last year under the PMLA and has attached assets worth over Rs 9,600 crore till now. 

Officials said the agency has stated in detail in the charge sheet how funds of about Rs 400 crore were moved abroad in alleged violation of rules. 

It has also mentioned the role of other officials and executives of KFA and IDBI in this deal and has appended their statements recorded by the agency under the PMLA law.