Kingfisher’s Raghunathan Gets 18-Month Jail in Cheque Bounce Case

Kingfisher Airlines had started its operations in 2005. (Photo: Reuters)

• The Hyderabad Court has sentenced Kingfisher Chief Financial Officer A Raghunathan to 18 months imprisonment in a cheque bounce case.
  
  
• Vijay Mallya has also been accused, but as he was not present in the court his sentence deferred.
  
  
• A local court on Tuesday had posted on 22 September, the two bounced cheque cases filed against businessman Vijay Mallya by GMR Hyderabad International Airport Ltd.
  
  
• Third Special Court Magistrate M Krishna Rao on 20 April convicted Mallya, A Raghunathan, a senior official of Kingfisher Airlines Ltd, in connection with two bounced cheque cases involving Rs 50 lakh each, under relevant sections of the Negotiable Instruments Act.
  

(With PTI inputs)