UK Court Allows Three-Fold Increase In Vijay Mallya's Weekly Allowance

London:  Embattled liquor baron Vijay Mallya, wanted in India on charges of fraud and money laundering, will get over 18,000 pounds as weekly allowance, a three-fold increase following a recent UK High Court order.

Mr Mallya’s lawyers had applied to the court for additional living expenses as part of an estimated USD 1.5-billion worldwide freezing order against the 62-year-old businessman last year.

In an order dated January 30, Justice Robin Knowles permitted the increase in Mr Mallya’s “ordinary living expenses allowance” to a maximum of 18,325.31 pounds a week.

“This order does not prohibit the First Respondent (Mr Mallya) from spending 18,325.31 pounds a week, to be aggregated quarterly, towards his ordinary living expenses,” the court order states.

The allowance is believed to be a considerable boost on an estimated 5,000 pounds a week figure initially permitted by the court following a judgment of the Debt Recovery Tribunal (DRT) in Karnataka last…

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