We just had that Robert Maxwell's grandson in the front of our rickshaw

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The grandson of disgraced media tycoon Robert Maxwell, who stole millions from his firms' pension schemes, has started a business ferrying tourists around Oxford in rickshaws.

Ted Maxwell, 20, bought five of the three-wheeled bikes from an American manufacturer based in Colorado for £10,000, and has set up a business called Oxon Carts.

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Business cycle: Ted Maxwell at work

Ted - one of seven children of Robert Maxwell's youngest son Kevin and his wife Pandora - is a second-year history student at the university's Balliol College, where he is also captain of the college's football team.

Sporting a tweed flat cap, Ted ferries the tourists around in his spare time and employs fellow students as riders.

He said: "In Oxford, as soon as I introduce myself people ask if I am any relation to Robert Maxwell. But I am just a guy who has set up a company that people want to succeed and which is also environmentally friendly."

When his grandfather Robert died aged 68 in 1991, it was found he had looted £460 million from the pension funds of Mirror Group Newspapers.