- Vijay Mallya was convicted of contempt of court for breaching order related to his Airlines.
- The erstwhile tycoon left India in 2016 after defaulting on debts totaling more than $1 billion
- He could be extradited from the UK to India to face charges there.
Tycoon Vijay Mallya was given a four-month prison sentence by India’s highest court for breaching a previous court order related to the demise of his airline.
The erstwhile tycoon, who is reportedly still in London, has been the subject of past attempts by India to secure his extradition.
Before venturing into aviation and Formula 1 racing, he amassed a fortune by marketing beer under the Kingfisher brand.
Prior to its demise ten years ago, Kingfisher Airlines was the second-largest domestic airline in India.
The Indian Supreme Court convicted Mr. Mallya in contempt on Monday because it claimed he failed to declare his assets after missing a loan payment.
In 2017, the court stated that he had been convicted of the same crime for allegedly transferring $40 million to his children while loans to Kingfisher Airlines remained 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.
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Mallya, who left India in 2016 after going into default on debts totaling more than $1 billion (£842 million), has denied evading justice.
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.
In connection with alleged financial irregularities at Kingfisher Airlines, Mr. Mallya is accused of a number of crimes.
In 2012, the carrier was shut down amid allegations that its pilots and cabin employees had laboured for 15 months without pay.
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