News Details
Mallya steps down as a director at Force India
Vijay Mallya, the co-owner of the Force India F1 team has stepped down as a director of the Silverstone-based squad. The 62-year-old flamboyant business tycoon is currenty embattled in an extradition procedure between the United Kingdom and India, his home country. For several years now, Mallya has been embroiled in financial scandals and accused by India's authorities of fraud and money laundering, which he has persistently denied. Rich Energy and Force India: Much ado about nothing... Mallya was part of a consortium that bought Force India - a team that originally started its life as Jordan Grand Prix back in 1991 - in 2008 from Dutch company Spyker cars. The current ownership of the...
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