#CBI NAMES 5 #IDBI TOP EXECUTIVES IN #KINGFISHER – #VIJAYMALLYA ROW
5 serving and former executives of the IDBI Bank, mentioned in a probe report by the Central Bureau of Investigation (CBI) will be questioned by the Enforcement Directorate (ED) over a Rs 950-crore loan sanctioned to Kingfisher Airlines in 2009.
Yogesh Agarwal, the then chairman and managing director of IDBI Bank, and four other executives who were members of the credit committee, B K Batra, O V Bundellu, R Bansal and S K V Srinivasan, have been named by the CBI.
The report points out the loan was misused by Vijay Mallya and was diverted abroad on false claims. It also says there was a slew of meetings between Mallya and key bank executives as the Kingfisher Airlines was going under