Vijay Mallya co-owned the Formula One motor racing team Force India until 2019. Picture: REUTERS
India’s Supreme Court sentenced tycoon Vijay Mallya on Monday to four months in jail for refusing to disclose his assets after defaulting on a loan of 90bn rupees since the collapse of his defunct Kingfisher Airlines. The businessperson, with interests ranging from aviation to liquor, is in Britain and India has made efforts to extradite him. Mallya has refused to appear before the court, despite several summons.
The court found him guilty of contempt for not obeying its orders, and imposed a fine of 2,000 rupees .
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