Monday, July 11, 2022

Supreme Court sentences Vijay Mallya to 4 months imprisonment, ₹2,000 fine for contempt of court

The Supreme Court on 11/07/2022 sentenced fugitive industrialist Vijay Mallya to four months imprisonment and  ₹2,000 fine in the contempt of court case against him [State Bank of India & Ors vs Dr Vijay Mallya].

The Court had held Mallya guilty of contempt of court in 2017 for wilfully disobeying its orders in a petition filed by the Consortium of Creditors (COC) led by the State Bank of India (SBI). Mallya is alleged to have transferred funds into the accounts of other persons in violation of the Court's orders, in addition to making "vague and unclear" disclosures about his assets.

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