Kingfisher Airlines gave misleading info to bank, says CBI
The Central Bureau of Investigation alleged that Vijay Mallya-led now defunct Kingfisher Airlines submitted misleading information to induce IDBI bank to sanction its loan. CBI further highlighted "undue favours" given to Mallya while granting loans despite his firm's poor financial health. Earlier, former IDBI Bank Chairman Yogesh Aggarwal was arrested in the loan default case involving Mallya.