Today's Date: Add To Favorites
Indian tycoon Vijay Mallya guilty of disobeying top court
Attorney News | 2017/05/09 14:31
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] ..[218][219][220][221][222][223][224][225][226].. [1875] [NEXT]



All
Legal Business
Headline Legal News
Court News
Court Watch
Legal Interview
Topics in Legal News
Attorney News
Press Release
Opinions
Legal Marketing
Politics
Courts: Bail reform working, but sus..
Maldives court delays reinstating pr..
Inmate in landmark Supreme Court cas..
GOP to take new congressional map to..
Afghans submitted 1.17 million war c..
City, landowner appeal Supreme Court..
Ohio court to hear online charter sc..
Beleaguered gunmaker Remington point..
Court: Ex-West Virginia judge inelig..
Wisconsin Supreme Court primary will..
Kushner firm seeks court change to k..
Judge to ask EU court about post-Bre..
 Law Firm Web Design Information
Law Promo has worked with attorneys, lawyers and law firms all over the world in designing beautiful law firm websites that look great on all devices, from desktop computers to mobile phones. Law Promo can construct your law firm a brand new responsive law firm website, or help you redesign your existing site to secure your place in the mobile world. Law firm website design by Law Promo


   Lawyer & Law Firm Links
Houston Car Accident Attorneys
Wrongful Death Attorneys Houston
Houston Wrongful Death
Chicago Business Law Attorney
Corporate Litigation Attorneys
www.rothlawgroup.com
Law Firm Website Designs
Law Office Website Solutions
www.webpromo.com
Amherst, Ohio Divorce Lawyer
Sylkatis Law - Child Custody
loraindivorceattorney.com
Santa Ana Workers' Compensation Lawyers
www.gentryashtonlaw.com
Fort Lauderdale DUI Lawyer
Miami Drug Crimes Lawyer
www.mishalilaw.com
Fort Washington Employment Lawyer
Attorney Marc E. Weinstein
www.meweinsteinlaw.com
San Francisco Trademark Lawyer
San Jose Trademark Lawyer
www.onulawfirm.com
 
 
Disclaimer: The content contained on the web site has been prepared by Romeo Media 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. Blog postings and hosted comments are available for general educational purposes only and should not be used to assess a specific legal situation. Legal Business News for You to Reach America's Legal Professionals. Get the latest legal news and information.