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‘King of Good times’ Mallya raided by CBI!

India’s Central Bureau of Intelligence today conducted nationwide raids on premises of Vijay Mallya, dubbed the ‘King of Good Times’.

‘King of Good times’ Mallya raided by CBI!

Source

The raids were in connection with the Rs.9 Billion default by the liquor baron in connection with the now defunct ‘Kingfisher Airlines’.

The loans were purportedly sanctioned in violation of norms by IDBI, whose officers have also come into the dragnet.

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