Vijay Mallya is broke and living off his partner, children: report
The court learnt that Mallya's "partner/wife Pinky Lalwani" pockets about Rs 1.35 crore (150,000 Pounds) per annum and that he is only left with Rs 2,956 crore (328 million Pounds) in personal assets, which he has put forth in his settlement offer to the Karnataka High Court.
- Apr 4, 2019,
- Updated Apr 4, 2019 1:48 PM IST
Fugitive businessman Vijay Mallya is broke, bankrupt and living off his partner, personal assistant, a business acquaintance and his children, according to submissions made by banks in the London High Court.
The court learnt that Mallya's "partner/wife Pinky Lalwani" pockets about Rs 1.35 crore (150,000 Pounds) per annum and that he is only left with Rs 2,956 crore (328 million Pounds) in personal assets, which he has put forth in his settlement offer to the Karnataka High Court
These details on were part of Mallya's response to a bankruptcy petition presented by 13 Indian banks on September 11, 2018, which will be heard in December 2019. Mallya's children and his partner/wife "are supporting him", as per the banks' submissions to the court, the Times of India reported.
Fugitive businessman Vijay Mallya is broke, bankrupt and living off his partner, personal assistant, a business acquaintance and his children, according to submissions made by banks in the London High Court.
The court learnt that Mallya's "partner/wife Pinky Lalwani" pockets about Rs 1.35 crore (150,000 Pounds) per annum and that he is only left with Rs 2,956 crore (328 million Pounds) in personal assets, which he has put forth in his settlement offer to the Karnataka High Court
These details on were part of Mallya's response to a bankruptcy petition presented by 13 Indian banks on September 11, 2018, which will be heard in December 2019. Mallya's children and his partner/wife "are supporting him", as per the banks' submissions to the court, the Times of India reported.