On Monday, the Apex Court sentenced fugitive liquor baron Vijay Mallya to 4 months in jail & imposed a fine of ₹ 2,000 on him for a 2017 contempt of court case. Mallya was convicted of contempt in 2017 over transferring $40 million to his children in violation of Court orders.
The Court said, the fine is to be deposited within 4 weeks to the Supreme Court legal services authority, failing which a further sentence of 2 months will be added.
The Top Court said, "To uphold the majesty of justice, we must impose adequate punishment".
The Supreme Court also said that the transaction of 40 million dollars by Vijay Mallya to his children is "void & inoperable", ordering the recipients to return the amount with 8% interest to the recovery officer within four weeks. If the amount is not returned, Vijay Mallya's properties can be attached.
The Court Order said, "If this is not deposited, the recovery officer can take appropriate actions for recovery of the said amount & the government of India & all agencies should assist in that process".
A bench of Justices UU Lalit, S Ravindra Bhat & PS Narasimha passed the order.
A plea by a consortium of banks led by the State Bank of India (SBI) sought contempt action & a direction to Vijay Mallya to deposit $40 million received from offshore firm Diageo.
Banks had alleged that Vijay Mallya concealed the facts & diverted the money to his son Siddharth Mallya & daughters Leanna Mallya & Tanya Mallya in "flagrant violation" of the orders passed by the Karnataka High Court
Vijay Mallya is an accused in a bank loan default case of over ₹ 9,000 crore involving his now-defunct Kingfisher Airlines.
The Top Court had reserved its orders on the sentence on March 10.
Mallya was held guilty on 2 counts - of not disclosing assets & violating expressive orders of restraint passed by the Karnataka High Court. He has been in the UK since March 2016.
The hearing had taken place in the absence of Vijay Mallya who fled to the United Kingdom.
The Centre had earlier informed the court that though extradition of Vijay Mallya from the UK has been allowed, he could not be brought to India in view of some "secret" proceedings pending against him there, the details of which are not known to the Centre.
The Court had deferred the hearing a few times to give Vijay Mallya an opportunity to appear but had ultimately decided to proceed in his absence in light of his refusal to appear.
Senior Lawyer Jaideep Gupta was appointed as an amicus curiae (friend of the court) in the case to assist the court in the 'in absentia' hearing.
Source Link
Social media is bold.
Social media is young.
Social media raises questions.
Social media is not satisfied with an answer.
Social media looks at the big picture.
Social media is interested in every detail.
social media is curious.
Social media is free.
Social media is irreplaceable.
But never irrelevant.
Social media is you.
(With input from news agency language)
If you like this story, share it with a friend!
We are a non-profit organization. Help us financially to keep our journalism free from government and corporate pressure
0 Comments