NEW DELHI: The Supreme Court on Monday awarded 4-month jail sentence and imposed Rs 2,000 fine on fugitive businessman Vijay Mallya.
This comes after the top court found Mallya guilty of contempt of court in 2017 for withholding information from the court.
The apex court also asked Mallya to deposit back $40 million with interest within four weeks, failing which would lead to attachment of properties.
Notably, in 2017, the SC had held Mallya guilty of contempt of court on two counts - for withholding information from the court about transferring $40 million to his children in violation of the court's order, and for "flagrant violation" of orders passed by the Karnataka High Court.
The fugitive business, who is in the UK since March 2016, was found guilty of contempt of court for transferring $40 million to his children, in a case filed by the State Bank of India.
According to the court, Mallyya was presented multiple opportunities to appear either personally or through a lawyer and had even given specific directions in its order dated November 30, 2021.
Also Read: Assam: Actor Who Was Arrested For Protesting Against Price Rise In God Shiva's Attire Gets Bail
Also Watch: