• Thursday, April 25, 2024

Business

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

Vijay Mallya (Photo: Jack Taylor/Getty Images).

By: Radhakrishna N S

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…

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