Bengaluru, April 18: The Special Prevention of Money Laundering Act court has issued a non-bailable warrant against former UB group chairman, Vijay Mallya.
The court was hearing a petition filed by the Enforcement Directorate seeking a non-bailable warrant to be issued against Mallya in a Rs 900 crore money laundering case.
Earlier an application moved by Kingfisher Airlines terming the Enforcement Directorate's claim that charges of money laundering against Vijay Mallya were false has been rejected by the court.
The case on hand deals with a loan taken by Mallya from the IDBI bank. It was alleged by the Enforcement Directorate that Mallya had siphoned off Rs 430 crore abroad and hence a case of money laundering has been made out.
During the course of the hearing the counsel appearing for the ED said that the CFO of the Kingfisher airlines was not cooperating with the probe.
He told the probe agency that he is unable to recollect the details of the offshore transactions. While handing over an envelope, the counsel said that it contained details of the money lying in Mallya's account abroad.
Kingfisher Airlines on the other hand said that they were cooperating with the probe. They also stated that the charges of misusing the loan amount is false. No funds were used by Mallya from IDBI for his personal use, it was further contended.