scorecardJail time awaits Vijay Mallya even as he tries his best to stall extradition — a timeline of his downfall
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  5. Jail time awaits Vijay Mallya even as he tries his best to stall extradition — a timeline of his downfall

Jail time awaits Vijay Mallya even as he tries his best to stall extradition — a timeline of his downfall

Jail time awaits Vijay Mallya even as he tries his best to stall extradition — a timeline of his downfall
Business5 min read
Vijay Mallya, Indian businessman    BCCL
  • Indian Supreme Court has sentenced Vijay Mallya to four months jail term and imposed a fine of ₹2,000 on him.
  • The court found him guilty of contempt in 2017 over transferring $40 million to his children in violation of court orders.
  • Vijay Mallya fled to London back in March 2016 as he owned ₹9,000 crore to a consortium of 17 Indian banks.
India’s most wanted borrower Vijay Mallya is filing appeal after appeal to stall his extradition back home. Even before he lands here, he has a jail sentence awaiting him and that’s just for one of adjacent offenses — transferring $40 million to his children in 2017.

The Supreme Court of India on Monday sentenced fugitive businessman Vijay Mallya to four months jail term and imposed a fine of ₹2,000 on him, after it found him guilty of contempt as he violated court orders and transferred the amount.

The apex court said that the $40 million transaction carried out by Vijay Mallya is ‘void and inoperable’. It ordered the recipients, Mallya’s children, to return the amount with 8% interest to the recovery officer within four weeks.

If the amount is not returned, Vijay Mallya's properties can be attached. Mallya has four children — Siddharth Mallya, Laila Mallya, Tanya Mallya, Leanna Mallya.

A bench of Justices UU Lalit, S Ravindra Bhat and PS Narasimha passed the order.

Here is the complete timeline of Vijay Mallya’s fall from the King of Good Times to a fugitive:



Vijay Mallya fled to London back in March 2016 as he owned ₹9,000 crore to a consortium of 17 Indian banks. He is said to have left India with a wealth of ₹270 crore.
DatesEvents
March 9, 2016Vijay Mallya flees India, while he was in discussion with banks to settle the ₹9000 crore debt incurred by his company, Kingfisher Airlines.
April 2016Banks reject Mallya's offers for payment of dues worth ₹9,000 crore.
April 2016Indian government revokes Mallya’s passport.
April 2016Enforcement Directorate moves special court to get a non-bailable warrant and Red Corner notice against Mallya.
April 2017Mallya gets arrested in London over India’s extradition request and was released on bail within a few hours.
October 2017Vijay Mallya was once again arrested in London following an Enforcement Directorate affidavit.
March 2018UK court notes that Indian banks broke rules to lend to Kingfisher Airlines.
May 2018Mallya loses a lawsuit filed by 13 Indian banks, seeking to collect $1.55 billion.
May 2018UK court refuses to overturn worldwide order on freezing Mallya’s assets.
June 2018Vijay Mallya filed an application with Karnataka High Court to sell assets worth ₹13,900 crore.
October 2018UK court orders auction of Mallya’s six luxury cars.
November 2018UK court gives its nod to allow 13 Indian banks to use information disclosed in court as part of a worldwide freezing order in a case involving the sale of a luxury superyacht.
December 2018UK court orders extradition of Vijay Mallya
January 2019Special Prevention of Money Laundering (PMLA) court in India declares Mallya as a ‘fugitive economic offender.
February 2019UK Home Secretary Sajid Javid orders Vijay Mallya's extradition to India.
April 2020The Royal Courts of Justice rejected Mallya's plea against the extradition order of December 2018.
July 2021British court grants bankruptcy order against Vijay Mallya.
January 2022Vijay Mallya loses his plush London home after a British court refuses to grant him a stay order.
July 2022Indian Supreme Court sentences Vijay Mallya to four months jail term and imposes a fine of ₹2,000 on him.

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