“Now, we have established links with shell companies and bank accounts in at least seven countries,” the English daily quoted an official as saying. The letters have been been sent to the US, UK, France and Ireland and the officials would get more details soon.
The official said Mallya systematically duped banks by repaying some amount of the loan and borrowing more funds after gaining their confidence.
The current evidence is scheduled to be submitted before a London court, where the extradition trial to bring Mallya to face court proceedings in India is scheduled for two weeks starting December 4.
The ED has identified properties worth Rs 11,000 crore belonging to Mallya, even as the latter has denied all allegations. Mallya's properties worth Rs 9,000 cr have already been attached under the Prevention of Money Laundering Act.
Mallya, in a self-imposed exile since March 2016, was arrested by Scotland Yard on an extradition warrant on April 18, and is currently out on bail.
India and the UK have an Extradition Treaty, signed in 1992 and in force since November 1993.