News - Indian tycoon Vijay Mallya guilty of disobeying top court
Legal Marketing News
Bookmark This Site
Indian tycoon Vijay Mallya guilty of disobeying top court
Legal News | 2017/05/08 16:18
India's top court on Tuesday found wanted tycoon Vijay Mallya guilty of disobeying its order barring him from transferring $40 million to his children.

Mallya, who fled to London last year, is wanted in India on charges of money laundering and bank demands that he pay back more than a billion dollars in loans extended to his now-defunct airline. India has been seeking his extradition over the charges, which Mallya denies.

The Supreme Court in its ruling Tuesday acted on a plea by Indian banks, who said Mallya received $40 million from the British firm Diageo and transferred it to his son and two daughters illegally. The court asked Mallya to appear before it in July to decide the punishment.

Mallya was famous for his flashy lifestyle and lavish parties attended by fashion models and Bollywood stars. He was once hailed as India's version of British tycoon Richard Branson for his investments in a brewing and liquor company, an airline, a Formula One team and an Indian Premier League cricket club.

He ran into trouble when he failed to return millions of dollars of loans and left India last year amid attempts by a group of banks to recover the money.

India's External Affairs Ministry says Britain is still considering its request to issue a warrant for Mallya and to extradite him.


[PREV] [1] ..[941][942][943][944][945][946][947][948][949].. [2293] [NEXT]
All
Legal News
Law Firm News
Court News
U.S. Court News
Legal Line News
Legal News Feed
Law Firm Press
Legal Opinions
Former Georgia insurance commissioner ..
Alabama woman who faked kidnapping ple..
A Supreme Court ruling in a social med..
Court upholds mandatory prison terms f..
Trump wants N.Y. hush money trial to w..
Supreme Court restores Trump to ballot..
Supreme Court casts doubt on GOP-led s..
Donald Trump appeals $454 million judg..
Dani Alves found guilty of rape, sente..
Ken Paxton petitions to stop Dallas wo..
Attorney Jenna Ellis pleads guilty in ..
Trump arrives in federal court in Flor..
Why Trump's bid for president is in th..
Samsung chief is acquitted of financia..
UN court rejects most of Ukraine’s te..


   Law Firm Networks
San Francisco Trademark Lawyer
San Francisco Copyright Lawyer
www.onulawfirm.com
Eugene Criminal Defense Attorneys
Eugene DUI Lawyer. Oregon Criminal Defense
www.mjmlawoffice.com
New York Adoption Lawyers
New Jersey Adoption Attorneys
New York Foster Care Lawyers
www.lawrsm.com

Law Firm News Updates
Legal News Updates
Click The Law News
Daily Legal News
Legal News Voice
Recent Legal News
 
 
©Legal Marketing News. All rights reserved.

The content contained on the web site has been prepared by Legal Marketing News as a service to the internet community and is not intended to constitute legal advice or a substitute for consultation with a licensed legal professional in a particular case or circumstance. Legal Blog postings and hosted comments are available for general educational purposes only and should not be used to assess a specific legal situation. Also this site may contain legal advice, legal opinions, and statements of various legal information providers. The Content contained on the site has been prepared by Legal Marketing News as a service to its readers and is not intended to constitute legal or professional advice, which is always fact specific. Criminal Law Firm Website Design