Vijay Mallya to be evicted from his plush London home

Fugitive Vijay Mallya faces eviction from his plush home in London as a UK court decision sided with Swiss banker UBS and refused to ironically grant a stay for Mallya's ouster from the home.

The 'Bad Boy Billionaire's" luxury apartment overlooking Regent's Park in London, described in court as an "extraordinarily valuable property worth many tens of millions of pounds", is currently being occupied by Mallya's 95-year-old mother Lalitha as per reports.

Vijay Mallya's company had mortgaged the home to UBS as security for 5-year loan of 20.4 million pounds in 2012 and had failed to pay back the loan.

Mallya is wanted in India to face charges of fraud and money laundering amounting to an alleged ₹ 9,000 crores related to loans made to his now-defunct Kingfisher Airlines.

Also Read | UK High Court declares Vijay Mallya bankrupt, SBI and other banks can now takeover assets!