at the time,
to build a replica White House, on top of the 33rd
and 34th floors of Kingfisher Tower, Mallya’s “sky mansion” in Bangalore, India, the building covers an area of
40,000 square meters,
it was the brainchild of Vijay
Mallya, the chairman of United Breweries Group, who announced plans to have a mansion modelled after the White
House built atop a luxury skyscraper in Bangalore, people thought it was too
much, even for him, He didn’t let that deter him from building his dream home,
and by 2016, his mansion atop Kingfisher Tower in the heart of Bangalore City
was taking shape. Unfortunately, by that time his financial woes were the talk
of India, and it wasn’t long before he fled the country for the UK, leaving his
dream home unfinished,
Mallya, the son of United Breweries Group founder Vittal Mallya, fled India in March 2016 as lenders and investigating agencies closed in on him, after he allegedly borrowed large sums of money and never paid it back, He has been disputing the charges ever since, and India has been trying to have him extradited from the UK. Mallya never got to live in his sky mansion, and if he is found guilty under the money laundering Act, it may be confiscated and sold to recover debts,
“Under the money
laundering Act, an order of conviction will result in confiscation of property
by the government,” S.S. Naganand, senior counsel appearing for the lenders
consortium, told Live Mint. “If money laundering is not proven, the debt
remains and what will happen to this property is they (banks) will try to
recover dues. There will be an attempt to sell off and recover dues and any
sale proceedings will be realized and appropriated towards his dues. If after
this anything remains, it will be given to him.” it’s
unclear whether Vijay Mallya will ever get to live in his sky mansion, or if
he’ll ever return to India, but you have to say it, full marks for giving your dream home a great view!
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