Liquor Baron Vijay Mallya sentenced to 4 months in jail by SC for contempt of Court
On Monday, the Supreme Court sentenced former liquor baron and fugitive Vijaya Mallya to four months imprisonment. In 2017, he was found guilty of contempt of court for withholding information from the court. He has been accused of a bank loan with a default case of over Rs 9,000 crore involving his dysfunctional Kingfisher Airlines, in a contempt case. The SC even has asked Vijaya Mallya to deposit back 40 million dollars with all the interest within four weeks. If it is not deposited it would lead to attachment of properties.
Not only this, but a bench headed by Justice U U Lalit also imposed a fine of Rs 2,000. The Supreme Court on 10th March reserved its order in the matter which will absorb the proceedings against Vijaya Mallya who have hit a “dead wall”.
Earlier in 2020, the Apex Court had dismissed Mallya’s plea seeking a review of the May 2017 verdict. While declaring the order on Monday, the bench said “the contemnor and beneficiaries of the transactions referred to in its May 2017 verdict, shall be bound to deposit the amount received by them along with eight percent interest per annum with the recovery officer concerned within four weeks. In case, the amount of fine is not deposited within the time stipulated, the contemnor shall undergo a further sentence of two months.”
