Iconic bedchamber sword of Tipu Sultan, formerly owned by Vijay Mallya, auctioned for Rs 145 crore
London: The renowned bedchamber sword of Tipu Sultan, which was auctioned by Bonhams in London on Tuesday, had an intriguing past. It was revealed that the sword was once owned by Vijay Mallya, the fugitive liquor baron. During a 2018 hearing at the London High Court, Mallya's lawyer claimed to be unaware of the sword's whereabouts, reported News 9.
The historical significance of the sword was confirmed by researcher and historian Nidhin Olikara, who stated, "This is the very same sword that Vijay Mallya had acquired in 2004.
According to the report, Mallya purchased it for a price of 1.5 crore rupees, and yesterday, the sword was auctioned for a staggering 145 crores." In 2016, a consortium of 13 Indian banks had attempted to prevent the London High Court from lifting a freeze order on Mallya's global assets. In the same year, Mallya had mentioned that he had given away the sword due to the ill fortune it had brought to his family.
When News9 contacted Bonhams, the UK-based auction house, to inquire about the sword's previous owners. However, the auction house declined to provide any information regarding the past or present owner, citing their privacy policy. Enrica Medugno, Sale Coordinator at Bonhams, stated, "We are not authorized to disclose the identity of our sellers and buyers."
Both the sword purchased by Vijay Mallya in 2004 and the one recently auctioned share similar inscriptions. The inscription on the recently auctioned Tipu Sultan sword reads:
"THE SWORD OF TIPPOO SULTAUN (SOURCE: BONHAMS) Found in his Bed Chamber after SERINGAPATAM was taken by Storm 4th May 1799 and Presented by the ARMY to MAJOR GENERAL BAIRD… as a token of their high opinion of his Courage and Conduct in the Assault which he Commanded, and in which TIPPOO SULTAUN was slain." The spine of the sword bears the inscription "shamshir-e malik'' or "The sword of the king," while the hilt is engraved with "ya allah! ya nasir! ya fattah! ya nasir! ya mu'in! ya zahir!" which translates to "O Allah!, O the Helper! O the Ever-opener! O the Aider! O The Helper! O The Evident!".
The sword itself was looted from Tipu Sultan's palace by troops of the East India Company after the fall of Seringapatam, where the valiant Tiger of Mysore met his demise in battle. Over the years, the sword has changed hands multiple times before finding its way to Vijay Mallya.
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Private bus operators in Karnataka to hike fares by 20-30 pc after fuel price rise
Bengaluru (PTI): In the wake of the hike in fuel prices, private bus operators have decided to increase fares by 20-30 per cent, depending on the route, effective from Friday midnight.
They have also called for government subsidies, a reduction in cess, and lower road taxes to improve the situation.
"The situation for bus owners in the state is already distressing due to high road tax and the impact of the Shakti scheme (free bus travel for women in government buses). On top of this, fuel prices have increased," Karnataka State Bus Owners’ Association President S Nataraj Sharma said.
"This will impose a burden of Rs 15,000 per vehicle per month on bus owners. If an owner has three buses, the burden will be Rs 45,000 to Rs 50,000 per month," he added.
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Speaking to reporters, he said the situation has made it inevitable for owners to increase fares by 20-30 per cent, depending on the route, under current conditions.
The increase may be roughly Rs 200 per seat, he added.
"For example, the current bus fare from Bengaluru to Belagavi is around Rs 1,000–Rs 1,200, which is likely to rise to Rs 1,350–Rs 1,400. Similarly, fares from Bengaluru to Mangaluru or Udupi currently range from Rs 900–Rs 1,000 and are expected to go up to Rs 1,100–Rs 1,200," he said.
Petrol and diesel prices were each hiked by Rs 3 per litre on Friday, the first rate increase in more than four years, amid mounting losses for fuel retailers due to surging global crude prices in the wake of the West Asia conflict.
The increase comes a couple of weeks after the Assembly elections concluded in Assam, Kerala, Tamil Nadu, West Bengal, and Puducherry.
