Amongst the various irregularities cited by the CBI in its chargesheet in the Vijay Mallya-accused IDBI loan default case, is a detailed account of how a low credit rating given to the now-defunct Kingfisher Airlines was arbitrarily hiked by IDBI Bank officials. Accessed by DNA, is one of the many witness statements attached in the chargesheet of Sanjay Trassy, assistant general manager of the IDBI bank. In his statement, Trasy has given an account of how he gave a low rating to Kingfisher Airlines, therefore giving it a low credit marking in the loan sector. The CBI had on January 24 filed a charge sheet against nine senior officials of IDBI bank, besides Vijay Mallya and Kingfisher Airlines in the alleged cheating case. Kingfisher Airlines allegedly diverted Rs 263 crore from loans amounting to Rs 900 crore extended by IDBI to Kingfisher Airlines.

Source: dna January 27, 2017 17:44 UTC