SC gives Mallya 4-month jail for contempt, asks him to return $40m

The Supreme Court on Monday sentenced fugitive former liquor baron Vijay Mallya, holed up in London, to four months’ imprisonment and ordered him and his three US-based children to return $40 million, which was contemptuously siphoned out by Mallya, within four weeks with 8% interest.

The Supreme Court on Monday sentenced fugitive former liquor baron Vijay Mallya, holed up in London, to four months’ imprisonment and ordered him and his three US-based children to return $40 million, which was contemptuously siphoned out by Mallya, within four weeks with 8% interest. from Times of India https://ift.tt/VO0yWsl