CBI conducts raids on Vijay Mallya’s UB Group office

Last year in March, Mallya flew to the UK as creditors closed in on him over unpaid and unserviced debts of his failed aviation venture Kingfisher Airlines Ltd (KFA) to the tune of over Rs 9,000 crore.

CBI conducts raids on Vijay Mallya’s UB Group office

In another jolt to former liquor baron Vijay Mallya, the Central Bureau of Investigation (CBI) on Monday conducted raids on the premises of Mallya's UB group in Bengaluru over a money laundering case against the company.

According to the reports, the raids were conducted by the central division of the CBI with help from the Bengaluru division in the UB Towers in upscale Vittal Mallya Road of the city. The officials were looking into various accounts of the group transactions.


“A CBI team visited the UB Group offices in Bangalore today and we are fully cooperating with them,” UB spokesperson said in a statement on Monday.

The CBI has been investigating a case against Mallya and his group companies over allegations of money laundering for past one year and has also secured a non-bailable warrant against the absconding businessman in a case related to money laundering and willful default of loans.

These raids come days after Mallya and his associated firms received a jolt after a debt recovery tribunal (DRT) in Bengaluru ruled in favour of public sector lender State Bank of India-led consortium to recover Rs 6,203.35 crore from Mallya.

Last year in March, Mallya flew to the UK as creditors closed in on him over unpaid and unserviced debts of his failed aviation venture Kingfisher Airlines Ltd (KFA) to the tune of over Rs 9,000 crore.

A court in Mumbai had declared Mallya an offender in a money laundering case in June, following a petition by the Enforcement Directorate. The external affairs ministry had suspended Mallya’s passport in April last year and has requested the UK government to deport him. However, UK declined to deport him, but stated that it would aid the Indian government with his extradition.