CBI ARRESTS 8 PERSONS INCLUDING FORMER CHAIRMAN OF IDBI BANK IN CONNECTION TO VIJAY MALLYA LOAN DEFAULT CASE
The Central Bureau of Investigation (CBI) has arrested eight persons, including former chairman of IDBI Bank, in connection with the Vijay Mallya loan default case. According to the probe agency, those arrested include the then chairman of IDBI Bank Yogesh Aggarwal and former chief financial officer of now-defunct Kingfisher Airlines (KFA) A Raghunathan. The arrested allegedly connived with Mallya to get a Rs 900-crore loan to KFA, sanctioned in violation of banking norms.
