Mallya laundered â¹500 crore of â¹900 crore IDBI loan: ED
The Enforcement Directorate (ED) has claimed that Vijay Mallya had laundered around â¹500 crore of â¹900 crore loan taken from IDBI Bank in India. This was stated in the affidavit filed by ED in the UK court through the Crown Prosecution Service. The affidavit claimed Mallya had diverted money to seven countries including the US, the UK, Switzerland, and Ireland.