SC holds Mallya guilty of contempt, summons him on July 10th

New Delhi [India]-  In yet another jolt to absconding businessman Vijay Mallya, the Supreme Court on Tuesday found the liquor baron guilty of contempt of court and summoned him to personally appear on July 10th.

The apex court was hearing a plea by a consortium of banks, who moved the apex court after Mallya received $40 million from British firm Diageo Plc in February 2016 and allegedly transferred the money to his children, instead of repaying loans that he owes to the banks.


read more- ANI

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