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12/07/2022
Kingfisher tycoon Vijay Mallya sentenced to jail in India
India's top court has sentenced tycoon Vijay Mallya to four months in jail for disobeying an earlier court judgement linked to the collapse of his airline.
India has previously made efforts to extradite the former billionaire, who is believed to still be in London.
He made his fortune selling beer under the Kingfisher brand before branching out into aviation and Formula 1 racing.
Kingfisher Airlines was India's second largest domestic carrier before it collapsed a decade ago.
On Monday, India's Supreme Court found Mr Mallya guilty of contempt, as it said he failed to disclose his assets after defaulting on a loan.
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He was found guilty of the same offence in 2017 for allegedly transferring $40m to his children, even as loans to Kingfisher Airlines remained unpaid, the court said at that time.
Kingfisher tycoon Vijay Mallya sentenced to jail in India India has made efforts to extradite the former billionaire, who is believed to still be in London.
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