New Delhi [India]July 11 (ANI): The Supreme Court on Monday sentenced fugitive businessman Vijay Mallya, who was found guilty of contempt of court in 2017 for withholding information from the court, to four months in jail.

A bench comprising Justices UW Lalit, Ravindra S Bhat and PS Narasimha also fined Mallya Rs 2,000, observing that he was “unrepentant” of his conduct and did not appear before it during the sentencing hearing.

The Supreme Court asked Mallya to deposit the fine within four weeks to the Supreme Court Legal Services Authority, failing which another two months of punishment will be added.

He also ordered Malli’s family members to return the $40 million they had given him with eight percent interest within four weeks, or face confiscation proceedings against his property.

The court said it needed to impose an adequate sentence to “maintain the majesty of the law”.

In 2017, a high court found Mallya guilty of contempt of court for withholding information about the transfer of $40 million to his children in violation of a court order and sought his presence on various occasions. He was found guilty of contempt of court in a case initiated by a consortium of banks led by State Bank of India.

The Supreme Court, during the contempt hearing, noted that Mallya was acting as a “free man” in the United Kingdom and no information about Mallya’s case had been received there.

Last year, the high court, saying it had waited “long enough” and could not “wait any longer” for Mallya to be extradited from the UK to India, decided to proceed with the contempt hearing. case against him.

On February 10, the Supreme Court gave Mal one last two-week opportunity to appear in person or through a lawyer in the contempt case against him, and if he fails to do so, the court will take the case to its logical conclusion.

Solicitor General Tushar Mehta, speaking at the Ministry of External Affairs, clarified that it is not the Indian government that believes that something confidential is happening in the case in the United Kingdom, but that the government has been informed by the UK that something is happening that cannot be shared.

Earlier, Mehta presented a document by the Under-Secretary (Extradition) of the Ministry of External Affairs, in which the court said that proceedings to extradite Mallya to India from the UK had been completed, but some “confidential proceedings” were pending in the UK. , the details of which are unknown.

The center also said Mallya had already exhausted all appeals in the UK.

The Supreme Court rejected Malla’s application for a review of the May 2017 order finding him guilty of contempt.

Mallya is an accused in the over Rs 9,000 crore bank loan default case involving his defunct Kingfisher Airlines and is currently in the United Kingdom.

On May 9, 2017, the Supreme Court issued a guilty plea to a consortium of banks led by State Bank of India (SBI) that it allegedly transferred $40 million received from British firm Diageo to its children in an “egregious manner”. violation” of various court orders.

Earlier, the Supreme Court asked Mallya about the “truthfulness” of his disclosure of property and transfer of money to children.

At the time, the top court was hearing applications by creditor banks seeking contempt of court orders and an order for Mallya to deposit $40 million received from offshore firm Diageo into the banks, respectively.

The banks then accused Mallya of concealing the facts and diverted the money to his son Siddharth Mallya and daughters Leena Mallya and Tanya Mallya in flagrant violation of Karnataka High Court orders. (ANI)–40-million-with-interest-within-4-months

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