The recovery officer of a Debt Recovery Tribunal at Bengaluru has told the Supreme Court that neither Vijay Mallya, who was sentenced to four months in jail for contempt of court, nor any other beneficiary of the transfer of funds case, have deposited any amount with the tribunal till August 18.
The top court had on July 11 sentenced Mr. Mallya to four months in jail for contempt of court, and had directed him and the beneficiaries under the said transactions relating to $40 million to deposit the amount received along with interest at the rate of 8% per annum with the recovery officer concerned within four weeks.
The bench had also asked the Centre to secure the presence of the fugitive businessman, who has been in the United Kingdom since 2016, to undergo imprisonment.
