Ex-IDBI Bank GM doctored papers to give Mallya Rs 150 crore loan: CBI

In supplementary chargesheet filed in a bank fraud case related to absconding businessman Vijay Mallya, the CBI has named Buddhadev Dasgupta, the then general manager of IDBI Bank, as an accused and alleged that he manipulated the records to help now defunct Kingfisher Airlines to avail Rs 150 crore loan. The CBI said Mallya spent a part of the funds on his luxurious lifestyle and he didn’t repay the loan despite having adequate money.

from India News | Latest News Headlines & Live Updates from India - Times of India https://ift.tt/h7nqxf5
via IFTTT