Sat, Oct 10, 2015, 05:18 PM
Central Bureau of Investigation (CBI) officials raided the offices and residences of liquor baron Vijay Mallya in Bengaluru, Mumbai, Goa and several other places in the country. He is declared as wilful defaulter and accused of violating banking norms. CBI has already registered case against Vijay Mallya, Kingfisher Airlines directors and the CFO Raghunathan. It is said that IDBI bank officials violated norms and sanctioned a loan of Rs 900 crore to Vijay Mallya.