.......The agency registered the PE after finding IDBI’s report “not convincing”. The agency asked the public sector bank why it provided Kingfisher with the loan when the company was in the red. The bank’s answers were not convincing, a CBI source said. Prima facie evidences indicate the involvement of bank officials, the source said. The CBI will look into Mallya’s role — the representation he gave to avail Rs900 crore. Also, it will investigate if Mallya used the money for the purpose he took it for. Once the investigations are completed, the CBI is likely to file an FIR. Currently, investigations are in an early stage because IDBI officials are apparently reluctant to part with files related to the loan. “Some files have arrived. We will soon obtain the rest,” the source said..........
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