Mallya was found guilty by India’s Supreme Cou🧔rt for contempt of court five years ago but has only now been sentenced.

The charge is linked to the collapse of Kingfisher Airways, his company. 🌳He allegedly transferred the funds to his children while bank loans relating to Kingfisꦜher Airways went unpaid.

When the airline fail🅠ed in 2012, it owed $1 b🅷illion.

He has been fighting extradition from the UK to India where 🌺he is accused of fraud and money-laundering.

Mallya remains in Lo🏅ndon despite losing an appeal at the High Court over his extradition in 2020.

Indian media has reported thatꦅ Mallya has been instructed by the government to pay $40m, plus eight percent interest, within four weeks to avoid the seizure 🎀of his properties.

M🦩allya made his fortune selling Kingfisher beer before moving into various industries, i🎶ncluding F1.

He led a consortium to start Force India and ran 𒀰the team in F1 between 2008 and 2018.

The team went 29 races without a🔥 point before Giancarlo Fisichella finally scored to put Force India on the map.

Sergio🎶 ♍Perez, Esteban Ocon, Paul di Resta and Nico Hulkenberg are notably former Force India drivers.

But amid Mallya’s financial disaster, the team was put into administra�💧�tion in London’s High Court in 2018.

Lawrence Stroll bought ꦬthe assets and the team became Racing Point Force India, then Racin💮g Point, and is now Aston Martin.