The embattled Liquor baron Vijay Mallya will not be presenting himself before ED investigators for the third time as he sought time till May to depose before it in connection with a money laundering probe in the over Rs 900 crore IDBI loan fraud case.
According to media reports Mallya has informed the Investigating Officer (IO) of the case in Mumbai that he will be unable to depose personally as scheduled today citing the ongoing legal proceedings going in the Supreme Court over settlement of loans. However, it is understood that the liquor baron has suggested his legal team can help ED in taking the probe forward.
The agency had issued fresh summons last week to Mallya asking him to appear on April 9 after he sought two extensions from the earlier dates of March 18 and April 2 citing official reasons.
The options now include revoking his or her passport and/or getting issued a non-bailable warrant.
ED officials had earlier hinted that the April 9 summons could possibly be the last to Mallya.
The IO of the case had allowed his plea to postpone his appearance till now, they said, both on technical and legal grounds.