The missing data has resulted in a major roadblock in the investigations into Vijay Mallya-promoted Kingfisher Airlines, which collapsed in 2012. Photo: HTMumbai: The investigation into an alleged fraud at the now defunct Kingfisher Airlines Ltd has run into an unlikely hurdle: the airline’s books of accounts have vanished. Kingfisher Airlines tells Serious Fraud Investigation Office that an IT services vendor took away computers and servers with the accounts informationThe missing data has resulted in a major roadblock in the investigations into Vijay Mallya-promoted Kingfisher Airlines, which collapsed in 2012. “However, we are seeking details from lenders and all financial institutions involved with Kingfisher Airlines. “It was rather strange when the top management representatives of Kingfisher Airlines informed us that the airline has lost its books and accounts as vendors pulled out the system which had the accounts.

Source: Mint July 03, 2016 18:11 UTC