NEW DELHI: Vijay Mallya’s palatial island home boasts 17 bedrooms, a cinema, private helipad and even its own nightclub. But one of the banks suing him for unpaid debts allege the former billionaire let it fall into disrepair. Mallya bought ‘Le Grand Jardin’ through his company Gizmo Invest SA in 2008 using a 27-million euro ($30 million) loan facility from Ansbacher & Co, a unit of Qatar National Bank SAQ. Gizmo has since defaulted on the loan, the bank told a London high court on Wednesday. It’s seeking a court order to force Mallya to sell his 50-meter (164-foot) superyacht currently impounded in southern England because a 5-million euro mortgage on the boat serves as security for the loan, it said. By September 2015, when the loan was due and Mallya was facing a $100 million lawsuit from Diageo Plc and $1.2 billion lawsuit from a consortium of Indian banks, the 1.3 hectare property on the French island Ile Sainte Marguerite “had fallen into … [Read more...] about Ex-billionaire Vijay Mallya lets French mansion rot, lender charges
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8/2 System Crasher (Germany), By the Grace of God (France), Line of Descent (US/India), Stardust Memories (US), The Dammed (Germany/Italy) … [Read more...] about Can you watch 309 films in a year?
The figures, which include previously unseen data on reports rejected by police or withdrawn by the victim, represent the most detailed national picture of police handling of reported sexual assaults. … [Read more...] about Rough justice: How police are failing survivors of sexual assault
LONDON: A British court on Monday ordered that a luxury yacht owned by Force India Limited be sold and its proceeds be used to pay back Qatar National Bank to enforce its mortgage on the vessel. During court proceedings, brought by the bank in the Admiralty Division of the High Court in England, it had been claimed that liquor tycoon Vijay Mallya's son Siddharth Mallya was the ultimate beneficial owner of the yacht. However, the bank said that without grappling with that issue, their claim was focused on recovering outstanding loan payments estimated at around Euro 6 million. "Security for the loan… included a personal guarantee from Dr Mallya, an individual closely connected with the borrower,” notes the judgment handed down by Justice Nigel Teare in London on Monday. "The sum claimed in this action in rem is Euro 5 million plus interest and the costs of 'collection' which the claimant is entitled to recover," it adds. The judgment also takes note of the fact that the … [Read more...] about UK court orders sale of Force India yacht linked to Vijay Mallya
Justin Dorton, a 38 year old from North Carolina who was dressed in military camo attire, showed off an AR-15 rifle and said, “there should be nothing wrong with this. Nothing to be scared of. It’s just a tool.” “This is just exercising my rights,” he told AFP. … [Read more...] about Thousands of gun rights activists march on Virginia State Capitol to protest stricter firearm laws