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Mallya didn't get loan to buy Ferrari over bad press: Lawyer
short by Manaya Bagga / on Wednesday, 18 April, 2018
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.
read more at India.com