Supreme Court convicts fugitive Vijay Mallya for contempt of court on plea by consortium of banks

The Supreme Court on Tuesday convicted fugitive Vijay Mallya  for contempt of court for parting away with his property in violation of court's order. The Apex court asked Mallya to appear on July 10, and the court would decide on quantum of punishment on te very day after hearing him.

Last week, India had asked the United Kingdom to ensure in extradition of fugitive businessman Vijay Mallya who is facing trial in cases of bank loan default to the tune of Rs 9,000 crore by his now-defunct Kingfisher Airlines.

During the meeting with Patsy Wilkinson, the second permanent secretary in the British Home Office, Union Home Secretary Rajiv Mehrishi had raised the issue of early completion of the extradition process of Mallya.  

Also Read: Vijay Mallya under UK judicial process, India doing its best, says Arun Jaitley

The issue of presence of certain Sikh militant elements in the UK, sharing of intelligence inputs on a real-time basis particularly with regard to the ISIS - both from ISIS-held territories, and modules being busted in the UK and Europe, were discussed at the two-hour-long meeting, official sources had said.

Supreme Court holds #VijayMallya guilty of contempt, summons him on July 10th

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61-year-old Mallya, who has been living in Britain since last year, was arrested by Scotland Yard last month on India’s extradition request. Within hours of his arrest, Mallya, who is accused of cheating and fraud, was released on bail by a London court.

Mallya, whose now-defunct Kingfisher Airlines allegedly owes more than Rs 9,000 crore to various banks, had fled India on March 2, 2016.

Also Read: After fugitive Vijay Mallya’s arrest, PM Modi tweets no place for corruption in India