The Central Bureau of Investigation (CBI) on Monday has arrested former chairman and three ex-executives of Industrial Development Bank of India (IDBI) and along with them four executives of Kingfisher Airlines in their connection with loan default case in which Vijay Mallya is also involved.
The agency conducted searches at residence of Vijay Mallya, former chairman of the IDBI Bank Yogesh Aggarwal and A Raghunathan.
The CBI had registered a case under section of the Indian Penal Code (IPC) and Prevention of Corruption (PC) Act.
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