Mallya didn't get loan to buy Ferrari over bad press: Lawyer

Vijay Mallya couldn't get a loan to buy a ₹4.6-crore Ferrari because of negative media coverage against him, a lawyer representing 13 Indian banks has told a UK court. He said Mallya purchased it in someone else's name by depositing ₹1.3 crore. The car was registered under "Alexander Powell in Oxford" and monthly repayments were made from Powell's account.