Now, Vijay Mallya may lose UK mansion

Swiss bank UBS AG has applied for possession of multi-million-pound mansion overlooking Regent’s Park in London. Rose Capital Ventures Ltd took out a five-year interest-only mortgage on the property with UBS in March 2012 for £20.4 million (Rs 195 crore). Mallya, his mother and son live here and are beneficiaries of the trust, UBS stated.

from Times of India https://ift.tt/2pYG9EW