Fugitive liquor baron Vijay Mallya has been sentenced to four months imprisonment by the Supreme Court on Monday for contempt of court. He is also directed to pay a fine of Rs. 2000.
Mallya was convicted of contempt in 2017 over transferring $40 million to his children in violation of court orders in a case filed by a consortium of banks led by the State Bank of India.
“To uphold the majesty of justice, we must impose adequate punishment,” said the bench of Justices UU Lalit, S Ravindra Bhat and PS Narasimha.
The apex country also said that the transaction of 40 million dollars is void and inoperable, ordering the beneficiaries to return the amount with 8 per cent interest to the recovery officer within four weeks. If they do not return the amount, Vijay Mallya’s properties can be attached, the bench said.
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