Updated
New Delhi, Jan 23 (PTI): CBI today arrested a former chairman and three other ex-officials of IDBI Bank along with four former executives of Kingfisher airlines in connection with the Vijay Mallya loan default case.
Those arrested include the then Chairman of IDBI Bank Yogesh Aggarwal and former CFO of now-defunct Kingfisher Airlines A Raghunathan, CBI sources said.
They said three more former executives of the airlines and three more former officials of IDBI Bank were also taken into custody.
The arrests were followed by searches at 11 places including Mallya's residence here, three floors of UB towers in Bengaluru and residences of Aggarwal and Raghunathan among others.
UB Group issued a statement in Bengaluru confirming the visit of CBI team. "A CBI team visited the UB Group offices in Bangalore today and we are fully cooperation with them," a UB group spokesperson said.
Earlier Report
Mallya case: CBI sleuths search UB Group offices in Bengaluru
Bengaluru, Jan 23 (PTI): A team of CBI officials today visited the offices of the UB Group led by Vijay Mallya, who is facing the process of recovery of Rs 6,203 crore from banks in the Kingfisher case and has been declared a proclaimed offender by a court.
"A team of CBI officials from Delhi visited the UB group offices in Bengaluru," a senior CBI official told PTI but did not divulge any details.
"I do not have any details on the issue," he said.
Meanwhile, the UB Group spokesperson also confirmed the visit of the CBI officials to their offices and stated that they were cooperating with them.
"A CBI team visited the UB Group offices in Bangalore (Bengaluru) today and we are fully cooperating with them," thespokesperson said.
The CBI officials' visit to UB Group offices comes days after the Bengaluru Debt Recovery Tribunal on January 19 ordered the SBI-led consortium of banks to start the process of recovering Rs 6,203 crore at an annual interest rate of 11.5per cent from the embattled tycoon and his companies in the Kingfisher Airlines case.
Mallya, who left the country on March 2 and is now in the UK, has been declared a proclaimed offender by a special People's Money Laundering Act court in Mumbai on a plea by the Enforcement Directorate in connection with its money laundering probe against him in the alleged bank loan default case.