Swiss authorities will give widest possible assistance against Vijay Mallya: CBI
- CBI requested help from Swiss authorities last year
- In August, Public Prosecutor's Office in Geneva agreed to help
- Mallya challenged this in court but it was dismissed in December
Authorities in Switzerland have said they will help Indian agencies in their investigation against Vijay Mallya. Sources in the CBI have told India Today TV that the agency made a request in this regard last year. The CBI had requested Swiss authorities to block funds parked in four accounts in Switzerland.
One of these accounts is reportedly in the name of Vijay Mallya. The CBI had argued that the Mallya has parked undisclosed income in this account.
In August 2018, the Public Prosecutor's Office in Geneva accepted the CBI's request. It assured that Switzerland will provide the "widest possible" mutual assistance to Indian investigating agencies. It said that Swiss authorities will also provide information concerning three accounts related to Vijay Mallya and related companies.
Alarmed at this, Vijay Mallya challenged this in the Supreme Court of Switzerland.
On December 12 and 13, 2018, the court dismissed the appeals and ruled in favour of the CBI.
Media reports suggest that one of the accounts that is under the CBI's scanner is in the name of Vijay Mallya and is held in Edmond de Rothschild (Switzerland).
Three other accounts that the CBI is tracing are in the names of Drayton Resources, Black Forest Holdings and Harrison Finance. They are held with Compagnie Bancaire Helvétique (CBH).
The companies implicated are Ladywalk Investments, Rose Capital Ventures (a company that was used to purchase a house in London with a loan from Swiss bank UBS), Continental Administration