Indebted tycoon Vijay Mallya on Sunday accused Indian government agencies of deeming him "guilty without trial" and lambasted the country's financial crime fighters for leading a "heavily biased" investigation against him. A spokesman for the Enforcement Directorate was not immediately available for comment. He has repeatedly failed to appear before investigators at the Enforcement Directorate, the government's agency that investigates financial frauds, that suspects Mallya misused the funds loaned by the IDBI Bank. In an interview with the Financial Times in April, Mallya said he was prepared to settle millions of dollars owed to banks but had no plans to leave Britain. "It surely appears as if these agencies are pursuing a heavily biased investigation and are already holding me guilty without trial after which I need to prove my innocence," he said.

Source: dna June 13, 2016 03:45 UTC