help@ktnewslive.com
News

Vijay Mallya sentenced to four months in prison in contempt case

53views


The Supreme Court on Monday awarded four-month sentence to fugitive businessman Vijay Mallya, accused in bank loan default case of over ₹9,000 crore involving his defunct Kingfisher Airlines, in a contempt case.

A Bench headed by Justice U U Lalit also imposed a fine of ₹2,000 on Mallya.

The top court had on March 10 reserved its order in the matter, observing that proceedings against Mallya have hit a “dead wall”.

The apex court had in 2020 dismissed Mallya’s plea seeking review of the 2017 verdict which held him guilty of contempt for transferring $40 million (one million = ten lakh) to his children in violation of court orders.

Mallya has been living in the United Kingdom since March 2016. He is on bail on an extradition warrant executed by the Scotland Yard on April 18, 2017.

Published on

July 11, 2022



Source link

Leave a Response