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SC sentences Vijay Mallya to 4 month imprisonment

SC sentences Vijay Mallya to 4 month imprisonment

The Supreme Court on Monday sentenced fugitive businessman Vijay Mallya, accused in bank loan default case of over Rs 9,000 crore involving his defunct Kingfisher Airlines, to four months’ imprisonment in a contempt of court case.

A bench headed by Justice U U Lalit also imposed a fine of Rs 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 USD 40 million (one million = ten lakh) to his children in violation of court orders. 


Tags: Supreme Court Vijay Mallya