Monday, August 10, 2020
Home News Reports CBI to probe Congress and the then Finance Ministry's role in disbursement of loans...

CBI to probe Congress and the then Finance Ministry’s role in disbursement of loans to Vijay Mallya

The Central Bureau of Investigation (CBI) has launched a fresh investigation on the alleged involvement of finance ministry officials in the disbursal of loans from public sector banks to Kingfisher Airlines during the UPA regime.

According to The Economic Times, the CBI has officially approached the finance ministry and formally obtained the documents it needs to build its case. As per sources, these files are currently being scrutinised for further interrogation of officials.

The primary source to CBI’s probe is the correspondence and email exchanges recovered during the search of Kingfisher Airlines owner Vijay Mallya’s residence. The CBI had seized over a lakh internal email exchanged between 2008 and 2013, including communications with the Prime Minister’s Office, finance ministry, civil aviation ministry and petroleum ministry among others. In one such exchange, Mallya had reportedly claimed that the disbursement of loans was made possible by the intervention of UPA ministers.

The agency is especially investigating the role of the then joint secretary (banking) Amitabh Verma. Among the several references to Verma, the one which was most important is Mallya’s email to Ravi Nedungadi, former CFO of UB, on March 26, 2009, regarding a disbursement of Rs 500 crore from State Bank of India.

- Advertisement -

Vijay Mallya’s case has lately become more of a political face-off, with BJP and Congress involving themselves in a war of words with allegations and counter-allegations being hurled at each other.

The BJP, which has been under blistering attack from the Congress over an alleged meeting between Mallya and Finance Minister Arun Jaitley, has put out a video clipping from a news broadcast on 12th November 2011 in which then Prime Minister Manmohan Singh is seen saying he would find ways to get Kingfisher Airlines out of the trouble.

Amongst all the hubbub, the Republic TV, in its exclusive expose yesterday, presented secret papers accessed by them which exposes Congress Government’s sweet deal with Mallya. The papers show correspondences, dated August 2010, between SBI and RBI, which expose on how Congress authored a separate exclusive deal only for Kingfisher Airlines

Letters exchanged between RBI and SBI reveal that an exemption was requested regarding debt restructuring in the entire aviation industry primarily based on the financial difficulties being faced by Kingfisher Airlines.

Adding to the extraordinary political controversy that has broken out over the last 24 hours, The Republic reported a sensational ‘Meeting of the fugitives’ that took place at Vijay Mallya’s London mansion three weeks ago. The meeting was attended by Lalit Modi, and also, two former UPA ministers, one of whom is a former Chief Minister.

The entire controversy broke out when Mallya, during the recess in his extradition hearing on Wednesday, made an almost offhand remark to journalists that he had met the Finance Minister before leaving India and telling him that he has made a settlement offer. The Congress grabbed this opportunity to fulminate against the BJP Government.

However, mere hours later, once the hearing in London had ended, Vijay Mallya came out and corroborated Jaitley’s version where he had stated that- he had not offered Mallya a meeting since the BJP came to power and that Mallya, then a Rajya Sabha member, had once pulled up alongside him while Jaitley was making his way to his room in Parliament and told him that he had made a settlement offer, to which Jaitley said ‘talk to the banks’.

  Support Us  

Whether NDTV or 'The Wire', they never have to worry about funds. In name of saving democracy, they get money from various sources. We need your support to fight them. Please contribute whatever you can afford

OpIndia Staffhttps://www.opindia.com
Staff reporter at OpIndia

Related Articles

Trending now

After requesting CBI inquiry in Sushant Singh Rajput death case, Rhea Chakraborty objects to the same, invokes Bihar elections

Rhea Chakraborty insinuates that Sushant's death was being isolated and blown out of proportion in wake of elections in Bihar

Indians, how they get ‘secularism’ so horribly wrong and how the atmosphere changed after Islam and Christianity entered India

Indians are generally highly intelligent. Yet when it comes to secularism, most intellectuals, media and politicians get the concept wrong, so wrong that it looks as if Indians were purposely fed wrong information.

Meet Kanta Murti, the woman who guarded a manhole and saved hundreds of lives as heavy rains flooded Mumbai

Kanta Murti, a 50-year-old pavement dweller, was seen in a viral video guarding an open manhole for 7 hours in Mumbai’s Matunga

Jaane kahaan gaye woh bots: The story of how Congress lost their ‘winning edge’ online

Congress party has embarked on a campaign to claim that the BJP is using bots to show Narendra Modi is more popular than Rahul Gandhi.

‘Human rights activist’ Aakar Patel incites Muslims to demand separate electorates, a demand that was rejected by the Constituent Assembly of India: Read details

'Human rights activist' Aakar Patel claimed that the Muslim demand for the creation of Pakistan was justified and blamed Hindus for it.

The 2005 interview of Rahul Gandhi, which embarrassed the party so much that it was declared fake and Tarun Tejpal was asked to kill...

In an interview to Zee TV, Vijay Simha had detailed how his interview of Rahul Gandhi in 2005, for the Tehalka magazine was killed after Tarun Tejpal was possibly pressured by the Congress party and its senior politicians.

Recently Popular

Sushant Singh Rajput’s brother-in-law gives a befitting reply to toxic journalism of Shekhar Gupta’s portal

Sushant Singh Rajput's brother-in-law Vishal Kirti on Sunday slammed Shekhar Gupta and his portal for toxic journalism.

Who really is Binod? Read how one Youtube comment triggered a bizarre meme fest

The name 'Binod', which has now become the talk of the town and trending on Twitter, originated from a YouTube channel 'Slayy Point'

Reports claim Sushant Singh Rajput’s former manager Disha Salian’s post-mortem report says she was found nude after her death, Mumbai police deny the reports

According to the post-mortem report of Disha Salian, her body was found nude, which was not revealed by the police so far

Rhea Chakraborty leaks WhatsApp conversation to accuse that Sushant Singh Rajput considered his sister Priyanka as ‘pure evil’

Rhea Chakraborty tries to prove that Sushant Singh Rajput did not like his family, releases chat messages with him

Pakistan: Maulvi rapes child reading Quran in mosque in Sindh province, caught on CCTV

Muslim Cleric in Sindh province in Pakistan on the run after video of hem raping a child inside a mosque emerges, case registered

“Delete the video or there will be negative consequences,” Chinese embassy threatens India based strategic affairs portal over a critical video on Xi Jinping

Chinese authorities were irked with the portrayal of Xi Jinping in a 'negative light' by Indian portal 'Strat News Global run by Nitin A Gokhale

After requesting CBI inquiry in Sushant Singh Rajput death case, Rhea Chakraborty objects to the same, invokes Bihar elections

Rhea Chakraborty insinuates that Sushant's death was being isolated and blown out of proportion in wake of elections in Bihar

Indians, how they get ‘secularism’ so horribly wrong and how the atmosphere changed after Islam and Christianity entered India

Indians are generally highly intelligent. Yet when it comes to secularism, most intellectuals, media and politicians get the concept wrong, so wrong that it looks as if Indians were purposely fed wrong information.

Meet Kanta Murti, the woman who guarded a manhole and saved hundreds of lives as heavy rains flooded Mumbai

Kanta Murti, a 50-year-old pavement dweller, was seen in a viral video guarding an open manhole for 7 hours in Mumbai’s Matunga

Did you know? 1962 Sino-India war could have been avoided had former PM Nehru paid heed to professional military advice

Nehru and his government had ignored warnings by the Indian Army about a possible Chinese aggression, says 2012 report by Gaurav Sawant.

Jaane kahaan gaye woh bots: The story of how Congress lost their ‘winning edge’ online

Congress party has embarked on a campaign to claim that the BJP is using bots to show Narendra Modi is more popular than Rahul Gandhi.

‘Human rights activist’ Aakar Patel incites Muslims to demand separate electorates, a demand that was rejected by the Constituent Assembly of India: Read details

'Human rights activist' Aakar Patel claimed that the Muslim demand for the creation of Pakistan was justified and blamed Hindus for it.

The 2005 interview of Rahul Gandhi, which embarrassed the party so much that it was declared fake and Tarun Tejpal was asked to kill...

In an interview to Zee TV, Vijay Simha had detailed how his interview of Rahul Gandhi in 2005, for the Tehalka magazine was killed after Tarun Tejpal was possibly pressured by the Congress party and its senior politicians.

Kolkata: Cricketer Md Shami’s estranged wife receives rape threats after she wished Hindus on Ram Mandir Bhoomi Pujan, files complaint

Mohammad Shami, the estranged husband of Hasin Jahan, has also been targeted by radical Islamists in the past for sharing images of his family.

Andaman and Nicobar Islands get fast internet: PM Modi inaugurates submarine OFC connectivity between Chennai and Port Blair

The foundation of the project was laid down in December 2018 by PM Modi to ensure high-speed internet connectivity for the residents of Andaman and Nicobar Islands.

‘Take 4-5 bouncers with you to instil fear among the govt authorities’: Maharashtra Congress chief Balasaheb Thorat advises Congress workers

Maharashtra Congress President Balasaheb Thorat was in Solapur to attend coronavirus review meeting the local Congress leaders

Connect with us

239,751FansLike
425,659FollowersFollow
294,000SubscribersSubscribe