Vijay Mallya convicted in Rs 50 lakh cheque bounce case

April 20, 2016 23:29

A local court in Hyderabad has issued a fresh non-bailable warrant against business tycoon Vijay Mallya after he failed to appear in the court in connection with alleged dishonour of cheques amounting to Rs 50 lakh to GMR Hyderabad International Airport Ltd.

The 11th Special Magistrate court at Erramanzil, Hyderabad has convicted defunct Kingfisher Airlines Chairman Vijay Mallya and chief financial officer A.Raghunath in an alleged cheating case.

Two cheque bounce cases amounting to Rs 50 lakh were filled by GHIAL, which runs Hyderabad's Rajiv Gandhi International Airport, against the grounded Kingfisher Airline Chairman and after a detailed hearing today the court convicted Mallya and another senior officials of the company after they did not appear before the court.

The quantum of punishment will be announced on May 5.

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