On speculation of dilution of lookout notice, CBI had this to say

This was done even as the probe against him on loan fraud investigations had been initiated

With absconding business tycoon Vijay Mallya now stirring up a controversy that he had met the Finance Minister, it is also being asked as to whether the lookout notice against him at the time had been diluted.

It is now being said that the lookout notice calling for his detention on sight at airports was diluted months before he left India for the UK.

This was done even as the probe against him on loan fraud investigations had been initiated.

To these speculations, the CBI gave out an explanation.

The agency said that the notice that had been put out on October 16, 2015 was converted weeks later on November 24 into a notice for “report on arrival” as it didn’t believe Mr Mallya was a flight risk.

The notice was issued after the CBI registered its first case against Mr Mallya on July 29, 2015, based on information from sources.

The agency said that no bank had formally complained but the lookout notice was issued in October and at the time Mallya was in London.

Opposition parties have latched onto Mr Mallya’s claims to once again attack the government and accuse it of letting big fish escape punishment.

Supreme Court lawyer and activist Prashant Bhushan criticised the CBI for diluting its lookout notice.

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