Kingfisher Airlines diverted ₹254 cr for personal use: CBI
Vijay Mallya-led now defunct Kingfisher Airlines allegedly diverted ₹254 crore of the ₹900 crore IDBI loan for 'personal use', a CBI charge sheet said on Tuesday. The CBI had alleged the bank extended loans to Kingfisher Airlines when it had negative credit ratings. It also arrested former chairman of IDBI Bank, among others, in connection with Mallya loan default case.