London, Apr 25 : Indian liquor baron Vijay Mallya, who owes Rs. 9,000 crores to numerous banks within the country, has been living at a $15 million mansion in England’s Hertfordshire county, The Sunday Times reported .
The mansion was bought from the daddy of Lewis Hamilton, the Formula One champion, by a corporation with offshore links, the daily aforementioned.
An arrest warrant for Mallya, 60, nicknamed “The King of good Times”, was issued by an Indian court last week once he flew to United Kingdom.
The use of firms with offshore links to shop for properties in United Kingdom has return beneath increasing scrutiny because the practice will enable the important owner or beneficiary to stay hidden generally for tax matters.
Such firms jointly delay to $245 billion of British property, abundant of it in London and the home counties.
Mallya is one step nearer to being deported from United Kingdom once his passport was revoked by India’s external ministry on Sunday.
Meanwhile, a media report aforementioned Mallya seems on the electoral rolls in United Kingdom together with his country point Hertfordshire as his recorded address.
