Vijay Mallya's lawyer defends, accuses CBI
The lawyer of Vijay Mallya has on Wednesday told the Westminster Magistrates' Court in London that there is absolutely no evidence that the liquor baron or his company, Kingfisher, had applied for bank loans with bad intent. He has been named as a wilful defaulter by a consortium of Indian banks.
The lawyer added, "CBI's Rakesh Asthana threatened banks with 'consequences' if they did not file cases against Mallya."
On the other hand, the Prosecution lawyer has said that what Vijay Mallya's Kingfisher internally knew was totally different from what it was telling the banks. "The company totally misrepresented facts about performance when applying for loans," he told the court.