Indian court hands fugitive Mallya 4-month jail term
The Straits Times|July 12, 2022
India’s Supreme Court yesterday sentenced former tycoon Vijay Mallya to four months in jail for refusing to disclose his assets after defaulting on a loan of 90 billion rupees (S$1.6 billion) following the collapse of his defunct Kingfisher Airlines.
Indian court hands fugitive Mallya 4-month jail term

NEW DELHI • He was also ordered to deposit US$40 million (S$56 million), along with accrued interest, or face further action, in the latest legal setback for the man once called the “King of Good Times”.

Mallya is out on bail in London, where he has been contesting extradition to India following his arrest in the British capital in 2017.

This story is from the July 12, 2022 edition of The Straits Times.

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This story is from the July 12, 2022 edition of The Straits Times.

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