Bright Times News: Vijay Mallya, the owner of a liquor empire, was given a four-month prison term by the Supreme Court. The court further mandated that the guilty be required to pay a fine of Rs 2,000. The businessman who fled was found guilty of disrespecting the court.
The central government claims that Vijay Mallya gave misleading information in an effort to mislead the court over the movement of funds to foreign accounts. At the same time, the court has issued the notice to appear for the past five years, but the liquor baron has not heeded it.
Vijay Mallya was given a Rs 2,000 fine and four months in prison for contempt of the Supreme Court in the 2017 contempt case. If the fine is not paid, the sentence will be extended for an additional two months. The Supreme Court also ordered the return of 40 million with interest.
Liquor baron, a fugitive from India, Vijay Mallya, is accused of non-performing loans to banks and is still trying his best not to return to the country. Mallya was found guilty of contempt of court in 2016. Even before that, he had been convicted in a default case.
The apex court then directed Mallya to pay off the bank’s arrears of about Rs 9,000 crore. But Mallya disobeyed the order of the Supreme Court and transferred a huge amount of money to his son Siddharth Mallya’s account.
The Supreme Court also convicted Vijay Mallya in 2016 for contempt of court. But on July 14 of the same year, Mallya filed a review petition against the verdict. It is to be noted that the incident of loss of the document, in this case, took place in the apex court.
Mallya offered to repay 100 percent of her debt even during the difficult times when the whole country and most of the countries of the world were on the path of lockdown. Instead, he requested that he be released from the legal process.
Then it suddenly became known that some important documents of the Vijay Mallya case have disappeared from the Supreme Court. Vijay Mallya accused in Rs 9,000 crore bank fraud case.
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