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Tycoon's Son Fights To Keep Yacht In €5M Qatari Bank Row

Law360, London (April 26, 2019, 4:01 PM BST) -- The son of a fugitive Indian tycoon has filed a counterclaim to block Qatar National Bank from selling his yacht to settle a €5.2 million ($5.8 million) debt allegedly owed by his father’s company, according to documents filed with the High Court in London.

Sidhartha Mallya — whose father Vijay Mallya, the chairman of Kingfisher beer, is fighting extradition from Britain to India over fraud allegations — is battling to maintain his beneficial ownership of the 46-meter luxury vessel, known as Force India.

Lawyers representing Sidhartha and the company that legally owns the boat, Force India Ltd., have filed an amended...

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