59 mins ago
Vijay Mallya Attacks CBI, ED Over Alleged Character Assassination
Vijay Mallya is arguing publicly with two Indian investigation agencies.
He says they made false accusations against him and harmed his reputation before a trial.
One issue involves a Rs 900-crore loan given to his airline by IDBI Bank.
Mallya says the loan was approved through the bank's normal process and has been fully repaid with interest.
He also disputes claims about using a company airplane for personal travel.
Mallya says his other companies paid the airline for charter use.
He says more than Rs 14,000 crore has been recovered from his assets and given to banks.
He plans to share more material supporting his version of events.
Vijay Mallya accused the Central Bureau of Investigation and Enforcement Directorate of building false cases against him.
He said the agencies were damaging reputations publicly before chargesheets or trials.
Mallya challenged allegations involving a Rs 900-crore loan to Kingfisher Airlines from IDBI Bank.
He questioned claims concerning his use of a corporate aircraft and said charter charges were paid.
Mallya cited Rs 14,131.60 crore recovered from his assets and said he would release more information.
- Who
- Businessman Vijay Mallya, the Central Bureau of Investigation, and the Enforcement Directorate.
- What
- Mallya launched a fresh public attack on the agencies, disputing allegations linked to Kingfisher Airlines, an IDBI Bank loan, and corporate-aircraft use.
- Where
- The statements were posted on X; related legal proceedings are before the Bombay High Court.
- When
- Mallya made the posts on September 11, 2026.
- Why
- Mallya said he wanted to challenge what he called false charges and public character assassination.
Mallya's Position
Investigative Agencies' Allegations
Public statements before trial
Mallya's Position
Mallya said the Enforcement Directorate was publicly prejudging people and conducting character assassination without a chargesheet or trial.
Investigative Agencies' Allegations
The agencies have issued releases concerning alleged money laundering, searches, seizures, and related investigations; the article does not include a direct agency response to Mallya.
IDBI Bank loan
Mallya's Position
Mallya said the Rs 900-crore loan passed through all approval stages, including the IDBI Bank board, and that there was no evidence of graft.
Investigative Agencies' Allegations
Mallya said the Central Bureau of Investigation accused him and others of improperly obtaining the loan through collusion and alleged misrepresentation of Kingfisher Airlines' financial position.
Corporate aircraft use
Mallya's Position
Mallya said using his corporate aircraft to carry family members or friends was not criminal and that other companies paid charter charges to Kingfisher Airlines.
Investigative Agencies' Allegations
Mallya said the Central Bureau of Investigation considered him criminally liable for using the Airbus Corporate Jet for personal purposes.
Key facts
- Loan at issue
- Rs 900 crore extended by IDBI Bank to Kingfisher Airlines.
- Loan status
- Mallya said the loan was repaid in full with interest.
- Reported recovery
- Mallya cited Rs 14,131.60 crore recovered from his assets.
- Agencies criticized
- The Central Bureau of Investigation and Enforcement Directorate.
- Aircraft allegation
- Mallya disputed claims that using his Airbus Corporate Jet for personal purposes was criminal.
- Legal venue
- Mallya's challenge under the Fugitive Economic Offenders Act is before the Bombay High Court.
- Further statements
- Mallya said he would gradually release material addressing the allegations.
Quotes
Vijay Mallya
Businessman and former chairman of Kingfisher Airlines
“Shameful. In which Country in the World do any enforcement agency boast like this without a fair trial? Enforcement Directorate boasting this. No chargesheet. No trial. Just character assassination in public. This does not happen in any other Country. Please think for yourself.”
thestatesman.com
“The loan was fully approved at all stages including by the IDBI Bank Board. Were the Board representatives from RBI and Ministry of Finance sleeping? Why target the IDBI officials and my Kingfisher Airlines finance team apart from me – prime accused?”
thestatesman.com
Sources
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