British billionaire sells mansion and super cars | United Kingdom | News

A British billionaire has been forced to sell his assets after falling into debt to an organized crime group.

Last year, Bob Bull had an estimated wealth of £2 billion after being named number 88 on the UK’s rich list.

At the time, he explained that he had made his fortune transforming static caravans into bungalow villages as part of his Royal Life business.

Mr Bull built his business after going bankrupt in 2016, at a time when he claimed he was “too poor to afford a KFC” and until recently owned a huge mansion near Southampton and a fleet of luxury short cars.

But these have now been taken back, with the businessman accused of a debt worth £725million, which he claims is due to a ‘hate campaign’ by the famous drug gang Kinahan Cartel, which has ties to South American cartels.

He told The Sun: “These people have pushed me to the limits in my life and my wife says ‘I’m here for you’.

“If the judge who heard the bankruptcy had known that I was the victim of foul play, I think the bankruptcy would have been overturned.”

The father-of-two had attempted to refinance his £4billion empire but it failed when a lender pulled out of the deal at the last minute.

Mr Bull said this led him to borrow £3 million in desperation from a millionaire who was a member of an organized crime group with links to the Kinahan organized crime group, according to MailOnline.

The £3 million loan was to be repaid within four weeks, plus £3 million in interest.

It eventually got out of hand to the point where Mr Bull was said to have owed £42million and received threats and intimidation to pressure him into repaying his debt.

Now his multi-million pound property, which includes a bowling alley, has been put on the market for £6 million, with a description of the house on Rightmove saying: “Walking in you know this is no ordinary house, the reception hall is large with a central two-flight staircase leading to the first and second floors.

On one occasion, Mr Bull’s wife was knocked unconscious before the keys to her Rolls-Royce worth £450,000 were stolen.

Scotland Yard was informed and detectives gathered evidence about the ordeal which was then handed over to Hampshire Police. They concluded he had been “the victim of a plot to defraud him and destroy his £4 billion caravan, bungalow and holiday park business”.

In December, court documents showed Mr Bull hoped to strike a deal to repay his debts at just 0.25 per cent. Mr Bull’s lawyer, Ben Channer, added: “It’s not a big return for the creditors, but it is a return.”

Mr Bull’s property on Botley Road, Curdridge, Hampshire was listed as having six en-suite bedrooms and eight bathrooms. The Georgian-style property sits on 9.12 acres of gated land and includes a six-car garage. It includes, among other things, a swimming pool with hammam and spa, a gym, a games room and a cinema room that can accommodate eight people.

A property description of the house has been added: “The property has been carefully designed and offers a luxurious and versatile home, suitable for large scale entertaining and family living. As you enter you are aware that it This is no ordinary house, the reception hall is large with a central two flight staircase leading to the first and second floors. The reception areas are all located to the rear of the property overlooking the extensive gardens. .

“There are three reception rooms in this area as well as a fabulous open plan family room/kitchen/breakfast room, this area alone extends to approximately 3,510 sq ft in total with a wine wall, a Clive Christian kitchen with oversized island with breakfast bar and an extensive range of Miele appliances.