Mallya laundered ` 1,300 cr: ED

PTI rMUMBAIrrThe agency has made this indictment against Mallya in its chargesheet filed on June 14 in the money laundering case involving a loan of about Rs 900 crore from IDBI-KFA bank.rThe chargesheet has indicted eight other persons too for their alleged roles in the case.rThe 57-page chargesheet or prosecution complaint, with voluminous annexures, was filed under various sections of the Prevention of Money Laundering Act (PMLA) before a special anti-money laundering court here.rThe ED has also said that these shell companies had no actual activities and was fully controlled by Mallya with former employees of UB group being its directors.rThe agency said the only purpose of these companies were to either obtain loan or launder money. The agency also said Mallya has huge property in US in name of his daughters -- Leana and Tanya.rThe Enforcement Directorate had registered a criminal case in this deal last year under the PMLA and has attached assets worth over Rs 9,600 crore till now.rThe ED said its “money trail analysis revealed out of the total loan of Rs 860.92 crore, sanctioned and disbursed by IDBI, Rs 423 crore has been remitted out of India.rThe said payments were shown to be made towards aircraft rental leasing and maintenance, servicing and spare parts.” The agency is expected to soon file a supplementary chargesheet in this case.