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Vijay Mallya fails to appear before ED today
Bengaluru, April 9: Vijay Mallya, the former chairman of the UB group has yet again failed to appear before the Enforcement Directorate.
Mallya who was to appear today before the ED has sought time till May. He has conveyed to the Enforcement Directorate that he would reply to the notice issued to him by May. This is the third time that Mallya has sought time from the ED for an extension.
Mallya had been summoned by the Enforcement Directorate which is probing a money laundering case against him. The ED had said that his personal appearance before it at its Mumbai office was must.
Also Read: Vijay Mallya's Rs 4,000 crore repayment offer rejected by banks
Last week the consortium of banks had rejected an offer by Vijay Mallya to pay up a sum of Rs 4,000 crore. The banks told the Supreme Court that unless he pays a substantial amount they won't carry forward the negotiation.
The Supreme Court had granted time to Mallya to come up with a fresh proposal. Mallya had issued the Supreme Court that he would come up with a fresh proposal.
