Key Points
Five former IDBI Bank executives charge-sheeted by CBI on charges of corruption in the loan default case against fugitive economic offender Vijay Mallya have moved a special CBI Court in Mumbai, seeking discharge of the case for lack of evidence.. Opposing their discharge pleas, the Central Bureau of Investigation (CBI) said they are "premature" as the "case continues to be at the stage of investigation"...
CBI argued "there is sufficient oral, documentary and circumstantial evidence" against the accused to "establish the offence of criminal conspiracy in commission of the offences"..
The accused, in their discharge petition, submitted that there is not "even an iota of evidence" against them and that they have "not violated any of the rules and regulations while sanctioning any of the loan to Kingfisher Airlines Ltd"...
They argued that they are not concerned with the business transactions of Kingfisher Airlines and pointed out that the CBI has not alleged that they (accused) have received any illegal gratification or in any manner personally benefited from the transaction of loan to Kingfisher Airlines...
CBI in its reply said, "Evidence available on record in the shape of oral, documentary and circumstantial evidence clearly establishes the role/involvement of the accused in the case..
You might be interested in
ICICI Bank gives sanction to prosecute Ex-CEO Chanda Kochhar
08, Jun, 23The special CBI court handling the case is verifying the chargesheet and other documents and after that will decide on taking cognisance of the chargesheet, the people said. Cognisance by the court is a must to start a trial. The ICICI Bank board had sanctioned the prosecution on April 22 and the CBI received the communication on May 15, the people told ET.