SC sentences Vijay Mallya to four months jail, asks him to deposit $40 mn

Fugitive businessman's properties will be launched if he fails to make the payment

The Supreme Court on Monday sentenced fugitive industrialist Vijay Mallya to a four-month jail term with a fine, in a contempt of court case of 2017.

The court directed Mallya and his beneficiaries (family) to repay $40 million -- which, in violation of a high court order, he transferred to his kin -- with interest of 8 per cent within four weeks, or else recovery officers will take action and recover the amount.

A fine of Rs 2,000 should also be deposited within the deadline with the apex court’s legal services authority, failing which the jail term will be extended by two