Economy

Former RBI deputy governor KC Chakrabarty a 'suspect' in Vijay Mallya case: report

Updated : September 17, 2018 11:44 AM IST

One of the cases, in which Chakrabarty is a suspect, relates to the debt default by Vijay Mallya-founded Kingfisher Airlines, according to the report.

The second case has been filed by Indian Overseas Bank against Airworth Travels & Tours: report

The Central Bureau of Investigation (CBI) has alleged KC Chakrabarty, a former deputy governor of Reserve Bank of India (RBI), is a “suspect” in two cases, The Economic Times reported.

One of the cases, in which Chakrabarty is a suspect, relates to the debt default by Vijay Mallya-founded Kingfisher Airlines, according to the report.

The investigation agency, according to the report, mentioned this during the arguments earlier this month in the special CBI court in Delhi that was hearing Chakrabarty’s petition for the revocation of a lookout circular (LOC). The circular stopped him from leaving the country in May.

The second case, where Chakrabarty is alleged to be a suspect, has been filed by Indian Overseas Bank against Airworth Travels & Tours, Delhi-based travel company, over accusations of forgery.

Chakrabarty, who’s become a UK resident, did not respond to the newspaper's queries emailed to him on Saturday. His advocate also declined to comment on the report.

Have you signed up for Primo, our daily newsletter? It has all the stories and data on the market, business, economy and tech that you need to know.

Former RBI deputy governor KC Chakrabarty a 'suspect' in Vijay Mallya case: report

You May Also Like

MEA to provide 8.1 lakh COVAXIN doses for free to these 7 countries

Expect to deliver first Tejas Mark-1A aircraft in 36 months from signing contract: HAL

Rupee drops by 21 paise to 1-week low on dollar demand

Trending on CNBC-TV18

recommended for you