New Delhi, 11 July 2022

As per news report of NDTV, Vijay Mallya was convicted of contempt in 2017 over transferring $40 million to his children in violation of court orders. The fine is to be deposited within four weeks to the Supreme Court legal services authority, failing which a further sentence of two months will be added, the court said. "To uphold the majesty of justice, we must impose adequate punishment," judges said. The country's top court also said that the transaction of 40 million dollars by Vijay Mallya to his children is "void and 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.

Source -NDTV

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