Brit billionaire forced to sell mansion and super cars after he's 'bankrupted by cartel'

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

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

At the time, he explained that he made his fortune by turning 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 claims he was “too poor to afford a KFC” and until recently, possessed a huge mansion near Southampton and a fleet of luxury short cars.

But these have now been repossessed, with the businessman understood to be in £725 million worth of debt which he alleges this has all come 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 and my wife says 'I’m there for you.'

“If the judge who heard the bankruptcy knew I was the victim of criminality I think the bankruptcy would have been thrown out."

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

Mr Bull said this led to him borrowing £3 million out of desperation from a millionaire who was a member of an organised crime group with rumoured links to The Kinahan Organised Crime Group, according to the MailOnline.

The £3 million loan was due to be paid back within four weeks with £3 million of interest added on top.

This eventually spiralled out of control to the point where Mr Bull is reported to have owed £42 million and received threats and intimidation to pressure him to pay off the 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 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."

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

Scotland Yard was told, and detectives complied evidence on the ordeal which was later handed to Hampshire Police. They concluded that he had been a "victim of a conspiracy to defraud him, to destroy his £4 billion caravan, bungalow and holiday parks business".

In December, court papers showed how Mr Bull hoped to enter an arrangement to pay off his debts at just 0.25 %. Mr Bull's lawyer Ben Channer added: "It is not a great return to the creditors, but it is a return."

Mr Bull's property on Botley Road, Curdridge, Hampshire has been listed as having six bedrooms with an en-suite and eight bathrooms. The Georgian-style property sits on 9.12 acres of gated grounds and includes a garage for six cars. It includes a pool with a steam room and spa, gym, games room and a cinema room with seating for eight, among other things.

A description of the house property added: "The property has been thoughtfully designed and offers a luxury and versatile home, suited for entertaining on a grand scale and family living alike. 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. The reception areas are all situated to the rear of the property overlooking the extensive gardens.

"There are three reception rooms in this area along with a fabulous open plan family/kitchen/breakfast room, this area alone extends to some 3,510 sqft in total with a wine wall, Clive Christian kitchen with an oversized island unit with breakfast bar and an extensive range of Miele appliances."

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