‘Mobsters fleeced me out of £725m – now I can not afford KFC after going bankrupt’

A person who went from rags to riches constructing bungalows throughout the UK has misplaced every little thing after he was fleeced by gang members.

Bob Bull went from being so poor he could not afford KFC to changing into the the 88th-richest individual nationwide final 12 months, boasting a private fortune of £1.9billion. He lived a lifetime of luxurious alongside glam spouse Sara Nilsen in a £10million mansion – full with a tenpin bowling alley – and 12 luxurious vehicles.

But Bull’s luck began to show once more in Autumn 2022 when he tried to refinance his firm Royal Life, price an estimated £4billion. After the settlement fell by means of, determined Bull ended up borrowing £3million from a rich man who allegedly ended up having hyperlinks to Ireland’s notorious Kinahan crime household.

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Bob Bull and his wife Sara
Bull and Sara lived a lifetime of luxurious

He has now been made bankrupt to the tune of £725million after his money owed to the cartel started to mount, studies The Sun. “If the judge who heard the bankruptcy knew I was the victim of criminality I think the bankruptcy would have been thrown out,” he stated.

Bull was allegedly instructed to pay again the £3million inside 4 weeks or face a staggering rate of interest of £3million monthly on his mortgage. This, he claimed, rapidly snowballed into a requirement for £42million which was backed by threats and intimidation.

The one-time billionaire claimed he even signed over safety on hundreds of thousands of kilos’ price of property throughout his 4 foremost companies after gang members threatened to kidnap his son, aged 8. The violence was sufficient to make Bull take into account leaving his house in Hampshire in favour of his hometown of Greater Manchester.

Bob Bull and his wife Sara
The threats obtained so unhealthy, Bull even thought-about leaving his house

Last November he and his spouse went to the North West to look at their choices however whereas on an evening out in Cheshire they claimed they have been assaulted. The alleged attacker is claimed to have approached the pair and made lewd remarks to Sara earlier than the state of affairs escalated and he or she was briefly knocked unconscious.

“My missus regained consciousness and could see the guy hitting me,” Bull recalled. “There was blood everywhere. My nose was plastered all over my face. When he left, he took my coat and car keys.”

The following day a restoration mechanic allegedly discovered gang members blocking in Bull’s black Rolls Royce Cullinan within the Marriott resort automobile park at Hale, the place he had left it the evening earlier than. Bull claims the group instructed the workman they have been owed £10million and if Bob was not there in half-hour they might smash his automobile, earlier than giving the mechanic a quantity for Bull to name.

Bob Bull and his wife Sara
Bull has now been made bankrupt for £725m

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Cops have been known as to the scene and gave the gang a warning earlier than telling them to depart the scene and issuing a criminal offense quantity. Bull insisted he “never owed” the person £10million.

Now Bull has been made bankrupt for £725million at Southampton County Court. He stated he was engaged on an Individual Voluntary Arrangement (IVA) to maintain his companies going whereas he tried to repay his money owed. He additionally obtained a workforce of cops to analyze his case for him.

A report by the previous Met Police officers alleged Bull was intentionally focused with the intention od taking management of his enterprise belongings. It learn: “Mr Bull has been the victim of a conspiracy to defraud him, to destroy his £4billion caravan, bungalow and holiday parks business”.

Hampshire Police stated of the case: “Our inquiries are ongoing.”

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