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HC raps CBI for improper handling of IDBI loan default case

The Bombay High Court has rapped the CBI for “improper” handling of the IDBI loan default case relating to the now-defunct Kingfisher Airlines and also reserved order on bail plea of two senior bank officials.

Justice Sadhana Jadhav reserved order till March 14 on the bail plea filed by former Chairman and Managing Director of IDBI Yogesh Agarwal and Deputy Managing Director B K Batra.

The duo were arrested by CBI on January 23, a day before the agency filed a charge sheet in the case. Nine accused have been arrested by CBI so far.

The judge pulled up the CBI for its failure to follow legal procedures in arresting the accused and dealing with them during the course of investigations.

The high court observed that the prime accused and former Kingfisher Airlines chairman Vijay Mallya was allowed to escape abroad.

Opposing their bail plea, the CBI sought further custody of the two IDBI officials on the ground that probe was already in progress. However, the judge asked the CBI to justify its plea of seeking further custody of the duo.

The court also questioned the manner in which both the accused had been arrested, without serving them prior notice.

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