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2 IDBI officials summoned by ED for sanctioning loan to Mallya

Thu, Mar 10, 2016, 05:23 PM
Two Industrial Development Bank of India (IDBI) officials have been issued notices by Enforcement Directorate (ED) for sanctioning a loan of Rs. 900 crores to liquor baron, Vijay Mallya. They were allegedly paid Rs. 16 crores as bribe for the loan. Four officials of IDBI bank are suspected in the case. Chief Financial Officer of now grounded Kingfisher Airlines has also been summoned.
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