The fugitive business man Vijay Mallya sentenced to 4 months jail and a fine of Rs.2000/- by the Supreme Court in Contempt case.
Furthermore, the apex court also asked Vijay Mallya to deposit back $40 million with 8% interest within four weeks. If he fails to do so, it will lead to attachment of properties. Vijay Malaya was held guilty of contempt of court for withholding information from the court. On the contrary, he transferred $40 million to his children secretly, without informing the court after the Karnataka High court’s order.
Thereupon, the SC bench intended to impose adequate sentence on the contemnor to uphold the majesty of law. Subsequently, the amounts in dispute were executed. Despite all this, the Liquor baron did not show any remorse.
However, on March 10 this year, all the proceedings regarding Vijay Malaya’s bank default are of over Rs.9,000 Crore. The bench comprising Justices UU Lalit, S Ravindra Bhat, and P S Narasimha had given its order in the case against Mallya. However, they now realized that all that went futile.
The fugitive businessman escaped from India and has been living in the UK since March 2016. Meanwhile, his counsel, maintained that he will not be in a position to argue in the absence of any instruction from his client.
Earlier, on February 10, the top court gave him the last opportunity of two weeks to either present himself personally or through his counsel in the contempt case. The court also added that they had waited o “sufficiently long”.
The court, presented Mallya with multiple opportunities to appear either personally or through a lawyer. Moreover, the court even gave specific directions in its order dated November 30, 2021.
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