NEW DELHI (TIP): On Monday, July 11, India‘s Supreme Court found Mallya guilty of contempt and sentenced him to four months in jail. He was found guilty of the same offence in 2017 for allegedly transferring $40m to his children, even as loans to Kingfisher Airlines remained unpaid, the court said at that time. Known as the “king of good times”, in a reference to his lavish lifestyle,  Mallya has fought extradition from the UK to India, where he faces charges including fraud.

Mallya who left India in 2016 after defaulting on debts of more than $1bn (£842m), has denied fleeing the country. Late in 2018, a court in London ruled that he could be extradited from the UK to India to face charges there. In 2020,  Mallya lost his final appeal against his extradition at the High Court in London. However, he is still believed to be living in London. Mallya faces a number of charges related to alleged financial irregularities at Kingfisher Airlines. The carrier was wound down in 2012 amid reports that pilots and cabin crew had worked unpaid for 15 months.