How Mallya transferred funds to hoodwink the courts

vijay-mallya_4Liquor baron, Vijay Mallya intentionally transferred funds to the tune of 40 million US dollars to keep it out of the reach of the courts. The transfer of USD 40 million that Mallya had received from British firm Diageo to his three children reflected his intent to put the funds beyond the reach of the court, the Supreme Court observed.

The court which held Mallya in contempt has directed him to appear before it on July 10.

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Author: Vicky Nanjappa

just a reporter

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