Bob Bull, a British entrepreneur who once held a fortune worth nearly £2 billion, is now facing bankruptcy after claiming he lost his wealth to the Kinahan Cartel. He alleges that the cartel's intimidation and threats led him to take out a high-interest loan that spiraled out of control.
A Brit billionaire has been forced to sell off his assets after falling into millions of pounds of debt after claiming he lost his fortune to a drug cartel . Last year entrepreneur Bob Bull was believed to be worth nearly £2billion after being named number 88 on the UK rich list.
Mr Bull, originally from Manchester, alleges this is all down to a "campaign of hate" by the notorious drugs gang Kinahan Cartel which has links to South American cartels. He told The Sun: "These people have taken me to the limits of my life. If the judge who heard the bankruptcy knew I was the victim of criminality I think the bankruptcy would have been thrown out."
Now, his multi-million-pound mansion, which includes a bowling alley, has been put on the market for £6million, with a description of the home on Rightmove saying: "On entering you are aware that this is no ordinary home, the reception hall is vast with a central split flight staircase to the first and second floor."
Court papers from December showed how Mr Bull hoped to enter an arrangement to pay off his debts at just 0.25 per cent. Mr Bull's lawyer Ben Channer added: "It is not a great return to the creditors, but it is a return."
Drug Cartel Bankruptcy Billionaire Debt Intimidation
Australia Latest News, Australia Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Brit billionaire 'bankrupted by drug cartel' forced to sell mansion and supercarBob Bull was once said to be worth almost £2billion before the crime mob targeted him.
Read more »
Brit influencer claims her Dubai partner bought her a private islandThe social media star, 26, is married to Jamal Al Nadak, 32, from Dubai, and she often shares glimpses into her life of luxury on her Instagram and TikTok pages.
Read more »
Boost for Brit holidaymakers as European countries warn they need to delay dreaded autumn border checks...What are the new EES travel rules and when are they being introduced?
Read more »
Mum's 'living nightmare' as Brit daughter, 28, held hostage by HamasMonday marks a year since the Hamas terror attack on Israel, which left more than 1,200 people dead and hundreds kidnapped, including Brit Emily Damari.
Read more »
Brit tourists told to 'stay inside' in new Greece warningHolidaymakers have been told to take precautions
Read more »
Mystery as huge Brit rock band go silent after cancelling gig at last minuteMystery as huge Brit rock band go silent after cancelling gigs at last minute – leaving fans fearing for huge stadium shows
Read more »