Fugitive businessman from Supreme Court Vijay Mallya
Was sentenced on Monday to four months in prison in a defamation case. The court said the offender did not show remorse or apologize for what he had done. In order to uphold the rule of law, the offender must be given appropriate punishment. He has also imposed a fine of Rs 2,000 on Mallya, which he will have to pay within four weeks. If not, Mallya will have to spend another two months in jail. Mallya has also been asked to repay ਕਰੋੜ 40 million (about Rs 317 crore) with 8 per cent interest within four weeks. Failure to do so will result in attachment action. On the other hand, Vijay Mallya has expressed disappointment over the decision. “I have no choice but to say that I am clearly disappointed with the Supreme Court decision,” said Mallya, 66.
In fact, on June 9, 2017, Vijay Mallya transferred 40 40 million to his three children in violation of a court order. Mallya was then convicted of contempt of court. Vijay Mallya, the former owner of airline Kingfish Airlines, has been in the UK for more than five years. Living in Sentencing Mallya, the Supreme Court directed the Center to ensure the presence of the fugitive businessman, who has been in the UK since 2016, to serve his jail term.
Mallya was convicted of defamation in 2017
Justice U. to you. A bench headed by Lalit also imposed a fine of Rs 2,000 on Vijay Mallya. Mallya was convicted of defamation on May 9, 2017. The Supreme Court had dismissed the review petition filed by Mallya in 2020 to review the 2017 decision. The court had found Mallya guilty of defamation for sending $ 40 million to his children’s accounts in violation of court orders.
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Mallya has been charged with bank loan fraud of over Rs 9,000 crore
The Contempt of Court Act, 1971, carries a simple term of imprisonment of up to six months, or a fine of up to Rs. 2,000, or both for violating the court. Mallya is accused of bank loan fraud of more than Rs 9,000 crore.