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Vijay Mallya: More Bad News

Vijay Mallya: More Bad News

There seems to be no end to Vijay Mallya's woes.

Vijay Mallya Vijay Mallya

There seems to be no end to Vijay Mallya's woes. Once India's liquor baron, a foray into aviation landed him in a mountain of debt. At each step, he has let go of assets. With Mallya now defaulting on a £20.4-million loan to UBS, his home in London overlooking Regent's Park might go out of his grasp. Good news seems to be eluding the erstwhile king of good times.