News Details
Vijay Mallya from F1's King of Good Times to Jail Time
Today India's Supreme Court sentenced tycoon Vijay Mallya to four months in jail for refusing to disclose his assets after defaulting on a loan of 90 billion rupees ($1.13 billion) since the collapse of his defunct Kingfisher Airlines. The high-living tycoon, with interests that ranged from the Force India F1 team, through aviation to liquor empires, is now in now a fugitive in Britain while Indian prosecutors and legal teams battle to extradite him so that he will serve tile for all he robbed from Mallya has refused to appear before the court in his home country, despite several summonses. Hence, the court found him guilty of contempt for not obeying its orders and imposed a fine of 2,000...
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