According to a Times of India report, a London court has ordered confiscation of 6 highly expensive cars in possession of fugitive businessman Vijay Mallya, to repay Indian Consortium of Banks’ Rs 10,000 crore. This comes after London HC ordered enforcement agencies to raid two of Vijay Mallya’s homes and take in possession goods after Mallya lost the case against Bangalore Debt Recovery Tribunal in court.
The banks stated in their arguments that these assets comprised a Porsche Cayenne worth £70,000, a Range Rover worth £60,000, a Ferrari F430 worth £80,000, a Mini Cooper worth £16,000 and a Bentley Turbo worth £10,500.
https://t.co/e12vbbDxiX via @timesofindia
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Courts asked enforcement to sell 6 cars with personalized number plates at worth no less than € 404,000, which amount to Rs 3 crore 40 lakh.
The cars include a Range Rover, a Ferrari F430 and Ferrari F512M, Mini Cooper, Bentley Turbo and Porsche Cayenne 2012 with the number plate 0007 VJM and Maybach 62 registration number ‘VJM1’.
The Indian government is also trying hard to extradite Vijay Mallya from England to India. On 31st July, UK court had asked Indian authorities to submit a ‘step by step video’ of the prison where Mallya would be kept. CBI had submitted nearly 10 minute-long video, about the conditions of the prison, Mallya would be kept in. Next hearing for extradition is on 10 December.