Vijay Malya’s Kingfisher villa in Goa is going to be auctioned on 19th October. This Villa is a dan of Vijay Malya where he used to throw lavish parties to his friends. It is one of the Attractions of Goa. The reserve price of Villa would be 85 crores.
Consortium of 17 banks are trying to recover 9000 crore rupees from Vijay Malya. In order to recover money they are selling this property. This property exist at Aguada – Siolim Rd, Candolim, Goa 403515. It can be seen while going towards Aguada fort in South Goa.
Once called the King of Good Times due to his extravagant lifestyle, Mallya and his companies have been embroiled in financial scandals, and controversies since 2012. Mallya left India on 2 March 2016 after saying he wanted to move to Britain to be closer to his children.A group of 17 Indian banks are trying to collect approximately ₹9,000 crore (US$1.3 billion) in loans which Mallya has allegedly routed to gain 100% or a partial stake in about 40 companies across the world. Investigative agencies, such as Income Tax Department and the Central Bureau of Investigation for charges including financial fraud and money laundering.