Vijay Mallya Used IDBI Loan For Kingfisher Airlines To Fund Formula 1 Race Team Too', Alleges Enforcement Directorate ndtv.com

Business tycoon Vijay Mallya was "the prime mover in the plot" to launder a big chunk of the 900 crore-bank loan taken to keep Kingfisher Airlines flying in 2009 and had used part of the IDBI bank loan to even fund the Force India Formula 1 Team, the Enforcement Directorate has alleged in charges filed in a Mumbai court on Wednesday.