loan officer. He tells the Loan Officer that he was going to Indiafor some business for 2 weeks
and needs toborrow $5,000. The Loan Officer tells him that the bank will needSome form of
security for the loan. So the Indian man hands over the keys and thedocuments of the new
Ferrari car parked on thestreet in front of the bank. The loan officer consults the president of
the bank,Produces all the required items and everythingcheck out to be OK. The loan officer
agrees to accept the car as asecurity for the loan. The bank president and the Loan Officer had
agood laugh at the IndianFor keeping a $750,000 Ferrari as a security andtaking only $5,000
has a loan. An employee of the bank then drives the FerrariInto the banks underground garage
and parks itthere. Two weeks later the Indian returns and pays$5000 and the interest which
comes to it $15.41. Seeing this, loan officer says, “Sir, we are very happy to have your
businessAnd this transaction has worked out very nicely,but we are a little puzzled.While you
are away, we checked you out andFound out that you were a multi millionaire. What puzzled us
was why would you bother toborrow $5000?” The Indian replies"Where else in the New York
City can I park mycar for 2 weeks andFor only $15.41 and expect it to be there when Ireturn".
This is a true incident and the Indian is none other than... "VIJAY MALLYA"
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