liquor baron Vijay Mallya failed to appear before the ED for the third time on Saturday as he sought time till May to depose before it in connection with a money laundering probe in the over `900 crore IDBI loan fraud case.
He told the Investigating Officer in Mumbai about his inability to depose personally on Saturday citing the ongoing legal proceedings going in the Supreme Court over settlement of loans, officials said.
Officials said that the agency has two options in case an accused skips appearance on summons thrice under PMlA charge. The options include revoking his or her passport and/or getting issued a non-bailable warrant.