The Enforcement Directorate (ED) is working on its second (supplementary) chargesheet against beer baron Vijay Mallya, and would file it by December end.

Sources with the ED office confirmed Indiatoday.in that out of Rs 6027 crores of bank loan taken from 17 banks, Mallya has allegedly laundered " Vijay Mallya, of around Rs 3000 crore, outside India".

"For this purpose, at least 5-6 shell companies have been created in different countries. The agency has issued letter rogatory (LRs) to ten countries seeking specific details", the source said.

The supplementary charge sheet would include content of Mallya and his links with shell companies, details of diverted money and proceed of crime (PoC), list of foreign properties created Mallya and so on.

"The first charge sheet of around 5000 pages was filed by the agency on the basis of FIR filed by IDBI Bank (Rs 900 crore). While the next charge sheet which is under process would be on the grounds of second FIR filed by State Bank of India (leading the consortium of 16 banks)", the source said.

There is no deadline to file the supplementary charge sheet.

"Ideally, the agency would try to file it by December 2017, but it would remain flexible. It has nothing to do with December hearing, which would take place on the ground of complaint filed by IDBI Bank", the source said.

Investigation revealed that, out of total Rs 900 crore loan sanctioned and disbursed by IDBI Bank, around Rs 423 crore was remitted outside India, without informing the regulatory and with collusion of bank officials.

Now, further probe against foreign properties and shell companies located outside India is still underway. Crucial details related to Mallya are awaited from US, UK, France, Ireland, BVG and few more countries.

The State Bank of India (SBI) had a maximum exposure of Rs 1600 crore with now defunct-Kingfisher Airlines Ltd. While other public sector banks are Punjab National Bank with an exposure of Rs 800 crore, Bank of India with Rs 650 crore, Bank of Baroda with Rs 550 crore, Central Bank of India with Rs 410 crore, UCO Bank with Rs 320 crore, Corporation Bank with Rs 310 crore, State Bank of Mysore with Rs 150 crore, Indian Overseas Bank with Rs 140 crore and others.

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