Skip to content
Search

Latest Stories

UK Court Orders to Sell Off Six Posh Cars of Indian Fugitive Vijay Mallya

In a setback to liquor baron, fugitive Vijay Mallya, London high court has issued an order empowering the enforcement officers to sell six of the Mallya’s posh cars to repay Rs 100 billion debt he owes to the consortium of 13 Indian banks.

According to a report published by the Indian daily, The Times of India, the list of cars to be sold include four with personalised number plates using his initials VJM. The court in an order said that the cars must be sold for an amount not less than £404,000.


Justice Cockerill at the London high court issued an order dated October 11 which stated that the enforcement officials of the London high court are at liberty to sell his 2016 Mini Countryman, 2012 Maybach 62 with registration number VJM1, his 2006 Ferrari F430 with the registration number BO55VJM, 2014 Range Rover with the registration number F1VJM, a Ferrari F512M, and a Porsche Cayenne with the number plate 0007VJM.

The Indian government and some other investigation agencies are moving ahead to extradite the fugitive, Vijay Mallya from Britain to India. India’s federal investigation agency, Central Bureau of Investigation (CBI) recently filed a 10-minute long video of the jail chamber and the condition in which it is being kept.

The next hearing in the extradition case of Vijay Mallya is scheduled for December 10 in London and India is moving ahead to bring the fugitive back to India.

More For You

UK housing market

The average cost of renting a home in the UK now stands at £1,320 per month

Getty Images

UK rental prices rise at slowest rate in four years as migration falls

Highlights

  • Average UK rent stands at £1,320 monthly, up just 2.2 per cent year-on-year slowest growth since July 2021.
  • Net migration drops to 204,000 in year to June 2025, down from record 906,000 in 2023.
  • Rental demand falls 20 per cent while available properties increase 15 per cent compared to last year.

Rental prices across Britain are rising at their slowest pace in four years, as reduced migration levels and lower mortgage rates help ease the post-pandemic housing crunch.

The average cost of renting a home in the UK now stands at £1,320 per month, according to property search website Zoopla. This represents a 2.2 per cent increase from 12 months ago, the smallest year-on-year rise since July 2021.

Keep ReadingShow less