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इंडियन आवाज़     27 Mar 2017 12:22:42      انڈین آواز

SC questions Mallya on assets, transfer of USD 40 mn to kids

TIA NEWS

Liquor baron Vijay Mallya, who is presently in the United Kingdom, was today posed searching questions by the Supreme Court which asked him about the truthfulness of his disclosure of assets and transfer of 40 million US Dollars to his children.

A bench of Justices Adarsh Kumar Goel and U U Lalit put for the queries during the day-long hearing after which it reserved the orders on two pleas of lending banks. The pleas have sought contempt action and a direction to Mallya to deposit 40 million dollars received from offshore firm Diageo.

The bench asked Mallya’s counsel that whether his client has violated the Karnataka High Court order by transferring the assets. The High Court order had restrained Mallaya from transferring and alienating assets.

At the outset, the bench also posed several queries to the consortium of lending banks led by State Bank of India and asked it whether any criminal proceedings have been initiated against Mallya.

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