Vijay Mallya sentencing postponed

17th July, 2017 by Ron Emler

India’s Supreme Court did an about turn on Friday on the fate of VJ Mallya, the former head of United Spirits who has fled to Britain where he is fighting extradition proceedings.

Vijay Mallya

Having previously indicated that Mallya would be sentenced in absentia, the country’s highest court ruled that that it will proceed against him only when he is brought before it.

On May 9, the Supreme Court found Mallya guilty of contempt on a plea by the consortium of banks led by the State Bank of India for failing to supply details of all his Indian and offshore assets.

The offence carries a maximum sentence of six months’ imprisonment or a fine of up to about £850,000 or both.

India recently asked Britain to ensure early extradition of Mallya, who is accused of deliberately defaulting on bank loans of some £1.1billion involving his defunct Kingfisher Airlines.

The banks also allege that Mallya transferred $40m paid to him by Diageo to secure his removal from United Spirits Diageo to his children in “flagrant violation” of various judicial orders.

The hearing on whether Mallya should be extradited to India has been set for December 4. Both sides are likely to appeal judgements through the courts, possibly up to the UK’s Supreme Court, a process that could take into 2019.

A second extradition warrant alleging money laundering by Mallya has also been delivered to the UK authorities.

Mallya denies all the charges against him and says they are politically motivated, meaning he will not receive a fair trial in India.

Leave a Reply

Your email address will not be published. Required fields are marked *

Please note that comments are subject to our posting guidelines in accordance with the Defamation Act 2013. Posts containing swear words, discrimination, offensive language and libellous or defamatory comments will not be approved.

Subscribe to our newsletters

New Business Development Manager Nordic

Concha Y Toro
Stockholm, Sweden

Experienced Administrator

The Drinks Business
Central London, UK

Sales Executive (London – Craft Spirits)

Bimber Distillery
London, UK

2 x Buying Assistants

Berry Bros. & Rudd
Battersea and Basingstoke, UK

Temporary Christmas Sales Support - Wines & Spirits

Harrods
Knighsbridge, London, UK

Head of Wholesale

Hispamerchants Ltd
London, UK

Sales Manager

Hispamerchants Ltd
London, UK

The World Bulk Wine Exhibition

Amsterdam,Netherlands
20th Nov 2017

The Drinks Business Green Awards 2017

London,United Kingdom
20th Nov 2017

The Global Spirits Masters Lunch

London,United Kingdom
1st Dec 2017
Click to view more

Green Awards 2017

Deadline : 25th October 2017

The Global Riesling Masters 2017

Deadline : 30th October 2017

Click to view more

Champagne Masters 2017

The only Champagne blind tasting in the UK, the competition will reward the best wines in the following categories:

The Global Rosé Masters 2017

With wines from the palest of pink to almost ruby red, bone dry to almost cloyingly sweet, reductively handled to barrel-aged, as well as gently spritzy to fully sparkling.

Click to view more