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    Published On : Tue, May 9th, 2017

    SC holds Vijay Mallya guilty of contempt of court, summons him on July 10

    Vijay Mallya
    New Delhi:
    The Supreme Court says it has held Vijay Mallya guilty for contempt of court on two grounds and directs him to appear before it on July 10.

    Mallya, 61, who fled from India last year, owes over Rs 9000 crore to the banks.

    At present, Mallya is living in the United Kingdom and facing extradition proceedings. The businessman is wanted in India for alleged loan default and money laundering cases.

    The consortium of banks had pleaded for contempt proceedings against Mallya in the apex court after the businessman received $40 million from British firm Diageo Plc in February last year but transferred the fund to his children, instead of repaying the loan.

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