Indian Banks Puzzled About Vijay Mallya's UK Assets

July 11, 2018 18:06
Indian Banks Puzzled About Vijay Mallya's UK Assets

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Indian Banks Puzzled About Vijay Mallya's UK Assets:- With the continuous struggle by Enforcement Directorate, the UK Court gave permissions to access and seize Vijay Mallya's UK assets which turned a good news. Soon as the high court enforcement officers have been granted permission to seize Rs 10,499 crores through the properties in England and Wales. A team principal at Sahara Force India confirmed that there are not much assets owned by Vijay Mallya in the country. He just owns few cards and some jewelry.

His Tewin Estate belongs to his children and the Town House located in London is owned by his mother. Mallya is said to have 40 million USD payout from Diageo to his US based wife Rekha. Vijay Mallya made sure that he owns nothing across the country side. His London pad, 18/19 Cornwall Terrace is worth millions of pounds is owned by British Virgin Islands-based company RCV. The court gave permissions to seize the belongings in his UK properties as the houses are not registered on Mallya's name.

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Tagged Under :
Vijay Mallya  Indian Banks