India's CBI Raids Kingfisher, Mallya Offices on Loan DefaultBy
IDBI Bank officials sanctioned loan in violation of norms: CBI
Searches conducted in five places in Mumbai, Bengaluru and Goa
India’s federal investigations agency searched the offices of Kingfisher Airlines Ltd. and its owner Vijay Mallya in connection with alleged default on a 9 billion-rupee ($139 million) loan from IDBI Bank Ltd.
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