Billionaire Issa brothers borrowed $7m from EG Group in 2022 to repay debt taken on to buy jets

The billionaire brothers who own the Asda supermarket chain borrowed millions of pounds from their petrol forecourt company to repay the debt taken on to buy two private jets, it has emerged.

Corporate filings revealed that Mohsin and Zuber Issa, who bought Asda in 2020, used their EG Group, which runs thousands of petrol stations in the UK and overseas, to lend $7m (£5.6m) to two private jet companies they owned in 2022.

Continue reading…

Leave a Reply

Your email address will not be published. Required fields are marked *

You May Also Like

Goodbye Corrie, hello Kardashians: why viewers are abandoning soaps for reality TV

It’s the drama that never stops – real life. With excitement that…

Putin’s ‘fascism and tyranny’ equal to Nazis, Ben Wallace says

Defence secretary says Russian commanders should share same fate as Nazis Russia-Ukraine…

Queen’s funeral coverage

what time is the queens funeral

Pregnant New Zealand journalist stranded by quarantine rules says she turned to Taliban

Charlotte Bellis says Taliban offered her safe haven while quarantine backlog prevented…