Business

Swiss Bank UBS AG Moves Court to Evict Vijay Mallya From Mortgaged Mansion In London

Swiss Bank, UBS AG has moved country’s third highest court, UK High Court to evict Indian fugitive, business tycoon Vijay Mallya, his mother, and son from their mansion in London (Photo by Leon Neal/Getty Images).

By: Radhakrishna N S

Swiss Bank UBS AG has moved country’s third highest court, UK high court to evict Indian fugitive, business tycoon Vijay Mallya, his mother, and son from their mansion in London, according to a report published by the Indian daily, The Times of India. The bank has filed a petition for the possession of the multi-million-pound mansion on grounds that the mortgage has expired and not been repaid by Mallya, and others. The London high court is scheduled to hear the petition on October 24. According to the report published in the newspaper, the Swiss lender made the claim in business…

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