Banks eye superyachts, cars in battle with ex-billionaire Vijay Mallya
Mallya says the items are held by trusts that he has no interest in
The superyachts are the 95-meter Indian Empress and the 50-meter Force India
First, Indian tycoon Vijay Mallya faced losing his “palatial" London home, with UBS Group AG saying it wanted to foreclose. Then, a judge said he could be extradited to India. Now, banks are eyeing two superyachts and a collection of valuable cars that they believe he may own.