An ED official said this while stating that the agency is coordinating with other agencies like CBI and SEBI in its money laundering probe against beleaguered businessman Vijay Mallya in the over Rs 900 crore IDBI loan fraud case. "We are coordinating on a daily basis and we will seek the help of RBI and SEBI to ensure that Mallya group companies are not able to create third party rights," a senior official said.

The official said they are investigating the conditions under which the loans were given to Mallya's firms.

The official also said that though the ED has issued fresh summons to Mallya to appear before them on April 2 it is yet to obtain a positive confirmation from the businessman in this regard. They are examining every aspect of Kingfisher Airlines loans besides the current case of IDBI loan probe and are looking into the entire gamut of transactions to understand everybody's role.

Latest News  from Business News Desk