Image Source: Planet F1
India’s highest court put tycoon Vijay Mallya in jail for four months because he broke a previous court order about the end of his airline.
India has tried in the past to get the former businessman, who is said to still be in London, to leave the country.
Before venturing into aviation and Formula 1 racing, he amassed a fortune by marketing beer under the Kingfisher brand. Kingfisher Airlines was India’s second-largest domestic airline before it went out of business ten years ago.
The Indian Supreme Court convicted Vijay Mallya in contempt on Monday because it claimed he failed to declare his assets after missing a loan payment.
In 2017, the court said that he had been convicted of the same crime for giving $40 million to his children while Kingfisher Airlines loans were still unpaid.
Mr. Mallya, who is referred to as the “king of good times” in reference to his opulent lifestyle, has battled extradition from the UK to India, where he is accused of crimes like fraud. Mallya left India in 2016 after not paying more than $1 billion (£842 million) in debts. He has denied trying to get away from the law.
He could be extradited from the UK to India to face charges there, according to a court’s decision in London around the end of 2018. At the High Court in London in 2020, Mr. Mallya was unsuccessful in his last attempt to stop his extradition. He may still be residing in London, though.
Several crimes are said to have been done by Vijay Mallya because of financial problems at Kingfisher Airlines.
In 2012, the airline was shut down because its pilots and cabin staff were said to have worked for 15 months without pay.
Vijay Mallya has continued to be flamboyant and pursue his passions despite the controversy.
When his assets were seized in July, the Formula 1 team Force India, which he helped co-found, went into administration. He also bought the cricket team Royal Challengers Bangalore from the Indian Premier League for more than £70 million.
He was even a representative in India’s upper chamber of parliament, having been chosen in 2002 and then again in 2010. In 2016, he resigned after accusations of malfeasance.
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