CBI files FIR against Mallya in SBI loan default case

The Central Bureau of Investigation (CBI) filed an FIR against business tycoon Vijay Mallya in the SBI loan default case on Saturday.The probe agency filed the first information report (FIR) under charges of cheating (420) and criminal conspiracy (120B) under the Indian Penal Code (IPC).The SBI had earlier led a consortium of banks that filed a plea in the Supreme Court seeking contempt proceedings against Mallya.The bank alleged he had not given full details of his assets.The consortium of banks had earlier rejected Mallya's offer to repay Rs. 4,000 crores as settlement of all his debts.