Vijay Mallya gets relief, ED rushes to appeal against PMLA order
The Enforcement Directorate (ED) today said it will appeal against a recent order of a PMLA tribunal, asking the agency to release a "miniscule" amount of assets it had attached in connection with a multi-crore-rupee bank loan fraud probe related to the Kingfisher Airlines and its promoter Vijay Mallya.
The ED, along with the CBI, is probing the case of alleged bank fraud to the tune of about Rs 9,000 crore and an extradition process to bring Mallya back to India is currently going on in London. Image source: Reuters