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Old 26 Apr 2016, 09:47 (Ref:3636426)   #53
Mike Harte
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Join Date: Oct 2011
United Kingdom
W. Yorkshire
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Mike Harte will be entering the Motorsport Hall of FameMike Harte will be entering the Motorsport Hall of FameMike Harte will be entering the Motorsport Hall of FameMike Harte will be entering the Motorsport Hall of FameMike Harte will be entering the Motorsport Hall of FameMike Harte will be entering the Motorsport Hall of FameMike Harte will be entering the Motorsport Hall of FameMike Harte will be entering the Motorsport Hall of FameMike Harte will be entering the Motorsport Hall of Fame
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Originally Posted by Armco Bender View Post
He's got $quillions in assets all over the world....http://www.bornrich.com/vijay-mallya.html

If he's smart he will another passport from some country of convenience.
I don't know when that article was written, but it is hopelessly out of date. He no longer owns or controls an airline nor a brewery, and he was booted out of the alcohol business by Diageo recently.

However, although he may be the beneficial owner of some rather nice assets, it is very difficult to actually pin them all down because they are all nominally owned via various nominee controlled companies in opaque tax havens. However, he is not as wealthy now as he was a few years ago, and in fact it may well be that most of his assets might be secured against some serious loans. I think that his empire might be starting to unwind.

He is currently in the UK in one of his homes here, but is not answering to enquiries. It is not believed that he has access to any other passports, and so for the time being he is stuck here, hiding from the Indian authorities. All a great loss to the z-list celebs who liked to attend his lavish parties; it looks likely that the big bash on his yacht at Monaco will not take place this year, or if it does, he will be missing.
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