VIJAY MALLYA SENTENCED TO 4 MONTHS JAIL TERM AND FINED ₹2000 : SC

New Delhi(The Quiver) : On Monday,The Supreme Court sentenced four months jail term to fugitive liquor baron Vijay Mallya and imposed a fine amount of ₹ 2,000 on him for a 2017 contempt of court case.
In 2017 ,he was accused for transferring $40 million to his children in violation of court orders.
The Supreme Court asked Mallya to deposit the fine amount within four weeks  to the Court’s legal services authority, failing which a further sentence of two months will be added.

The country’s top court also said that the transaction of 40 million dollars by Vijay Mallya to his children is “void and inoperable”, ordering the recipients to return the amount with 8% interest to the recovery officer within four weeks. If the amount is not returned, Vijay Mallya’s properties can be attached.

“If this is not deposited, the recovery officer can take appropriate actions for recovery of the said amount and the government of India and all agencies should assist in that process,” the court order said.

A bench of Justices UU Lalit, S Ravindra Bhat and PS Narasimha passed the order.

According to the allegations brought by the Banks ,Vijay Mallya concealed the facts and diverted the money to his son Siddharth Mallya and daughters Leanna Mallya and Tanya Mallya in “flagrant violation” of the orders passed by the Karnataka High Court.

Vijay Mallya is an accused in a bank loan default case of over ₹ 9,000 crore involving his now-defunct Kingfisher Airlines.

Vijay Mallya was held guilty on two grounds – for not disclosing assets and violating expressive orders of restraint passed by the Karnataka High Court. He has fled to UK since March 2016.