Vijay Mallya Gets Four Month Prison Term
NEW DELHI, (IANS) – The Supreme Court on July 11 sentenced fugitive businessman Vijay Mallya to four months’ imprisonment for contempt of court in 2017, as he had suppressed information from the court.
It also ordered Mallya to deposit $40 million — which he had transferred to his family members in violation of the court orders – failing which attachment of his properties will begin.
The bench noted that Mallya never showed any remorse nor tendered any apology for his conduct, as it imposed a sentence of four months and fine of Rs 2,000 on him. The bench added that in case the amount of fine is not deposited within the time stipulated, Mallya would undergo a further sentence of two months.
The bench also ordered Mallya to deposit $40 million, which he had transferred to his family members in violation of the court orders, failing which attachment of his properties will begin.
The top court also directed the Ministry of Home Affairs to secure the presence of the contemnor to undergo the imprisonment imposed upon him.
On February 10, the top court gave a final opportunity to Mallya, seeking his appearance, before it pronounced the sentence in a contempt case filed by banks, in which he was found guilty.