Economy Changing LoC against Mallya was error of judgment, says CBI Updated : September 13, 2018 11:08 PM IST Three years later as the controversy surfaced again Thursday, the CBI sources said when the first Lookout Circular (LoC) was issued on October 12, 2015, Mallya was already abroad. It said the agency only wanted information on his movements, they said. Subscribe to Moneycontrol PRO at just Rs.33/- per month for the first year. Use code SUPERPRO. Limited period offer. Available on Web and Android.