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All donations towards the Prime Minister's National Relief Fund(PMNRF) and the National Defence Fund(NDF) are notified for 100% deduction from taxable income under Section 80G of the Income Tax Act,1961

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ED files fresh charge sheet against embattled liquor baron Vijay Mallya

Enforcement Directorate (ED) filed a fresh charge sheet against embattled liquor baron Vijay Mallya, two companies linked to him and others on charges of money laundering for allegedly cheating a consortium of nationalised banks to the tune of over 6,000 crore rupees.

Officials said, the agency has filed the charge sheet, also known as prosecution complaint, before a special court in Mumbai under the provisions of the Prevention of Money Laundering Act (PMLA). Officers said, it has named Mallya, Kingfisher Airlines (KFA), UBHL (United Breweries Holdings Limited) and others in the voluminous charge sheet.

The fresh charge sheet revolves around the complaint received from State Bank of India (SBI) on behalf of the consortium of banks for causing loss of Rs 6,027 crore to them by not keeping repayment commitments of the loans taken during 2005-10, they said.

The ED had last year filed its first charge sheet against Mallya, now in London, in the alleged Rs 900-crore IDBI Bank-Kingfisher Airlines (KFA) loan fraud case. It has attached assets worth Rs 9,890 crore in this case till now.


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