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Vijay Mallya gets 4-month jail term in contempt case

Vijay Mallya did not show any remorse, nor tendered an apology for his contumacious conduct, the Supreme Court noted on Monday as it sentenced the liquor baron to four months in jail in a 2017 contempt of court case for not honestly disclosing his assets and secretly transferring $40 million to his three children

SC has directed Vijay Mallya and his children to deposit $40 million, along with an annual interest at the rate of 8%, with the recovery officer within four weeks, failing which the court said, authorities can take all appropriate steps to retrieve the money. (REUTERS)
SC has directed Vijay Mallya and his children to deposit $40 million, along with an annual interest at the rate of 8%, with the recovery officer within four weeks, failing which the court said, authorities can take all appropriate steps to retrieve the money. (REUTERS)
Updated on Jul 12, 2022 06:00 AM IST
By, New Delhi

'Didn't show any remorse, adequate punishment must': SC on Vijay Mallya

Fugitive liquor baron Vijay Mallya has been in the UK since March 2016. He is on bail on an extradition warrant executed by the Scotland Yard on April 18, 2017.

Fugitive liquor baron Vijay Mallya(AP)
Fugitive liquor baron Vijay Mallya(AP)
Updated on Jul 11, 2022 11:00 AM IST
By | Reported by Utkarsh Anand | Written by Aryan Prakash

Setback for Vijay Mallya as Supreme Court to declare punishment on Monday

Vijay Mallya was convicted of contempt over transferring $40 million to his children in violation of court orders. He was ordered to return over ₹6,200 crores in dues to multiple banks and had been sued for contempt for failing to disclose payment $40 million from British spirit maker Diageo.

Fugitive liquor baron Vijay Mallya(AFP)
Fugitive liquor baron Vijay Mallya(AFP)
Published on Jul 09, 2022 07:39 PM IST
By | Written by Aryan Prakash

'Want them taken back for trial': UK PM on Vijay Mallya, Nirav Modi extradition

Boris Johnson India visit: UK prime minister was scheduled to visit India last year but trip was postponed after Covid outbreak.

New Delhi: British Prime Minister Boris Johnson during the joint statement with Prime Minister Narendra Modi (unseen) at the Hyderabad House, in New Delhi,�Friday, April 22, 2022. (PTI Photo/ Manvender Vashist) (PTI04_22_2022_000180A)(PTI)
New Delhi: British Prime Minister Boris Johnson during the joint statement with Prime Minister Narendra Modi (unseen) at the Hyderabad House, in New Delhi,�Friday, April 22, 2022. (PTI Photo/ Manvender Vashist) (PTI04_22_2022_000180A)(PTI)
Updated on Apr 22, 2022 05:13 PM IST
By | Edited by Chandrashekar Srinivasan

Will Mallya, Nirav Modi figure in talks with British PM? Where are they now?

Vijay Mallya is accused of defrauding Indian banks of over ₹9,000 crore rupees. On the other hand, fugitive diamantaire Nirav Nirav Modi is accused of fraudulently getting issued 150 Letters of Undertaking from the Brady House branch of Punjab National Bank and duped the bank of ₹6,498 crore.

Vijay Mallya and Nirav Modi are currently in United Kingdom.
Vijay Mallya and Nirav Modi are currently in United Kingdom.
Published on Apr 19, 2022 05:07 PM IST
By | Written by Aryan Prakash
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