Former Chief Financial Officer (CFO) of Kingfisher Airlines, A Raghunathan, appeared before Enforcement Directorate (ED), on Friday.
According to Times of India report, the ED quizzed Raghunathan in connection with money laundering probe in the alleged default of over Rs 900 crore loan from IDBI bank.
ED issued summons to several officials of IDBI Bank and Vijay Mallya-owned Kingfisher Airlines under Prevention of Money Laundering Act (PMLA). All the individuals summoned have been asked to submit the details of their income tax returns and other financial details of previous five years to the investigators.
We had summoned Raghunathan and he appeared before us for questioning this morning. It is important to interrogate him because he can throw light on various financial transactions as many of them occurred in his personal domain.Enforcement Directorate Official
Earlier, in a statement to Serious Fraud Investigation Office, Raghunathan blamed Mallya for the financial crises that resulted in the downfall of Kingfisher Airlines.
Apart from Raghunathan, summons were issued to former chairman and managing director or IDBI bank, Yogesh Agrawal and other senior executive members and officials of both the organisations.
The ED has pressed charges against Mallya and others named in CBI complaint under various sections of PMLA. The Attorney General, on Thursday, informed Supreme Court that Mallya has left the country.
Also read: Vijay Mallya Left India on 2 March, Attorney General Informs SC
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