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Ex-F1 team owner Vijay Mallya loses extradition appeal
Former Formula 1 team owner Vijay Mallya has lost a UK High Court appeal over his extradition to India. Mallya co-owned the Force India outfit before it was sold to Lawrence Stroll and a consortium of Canadian investors in 2018 after it fell into administration when driver Sergio Perez forced a winding up order ahead of the Hungarian Grand Prix – a move he said was aimed at protecting the future of the team. During that time Mallya was embroiled in a legal battle over his assets due to alleged financial misconduct and fraud charges related to his Kingfisher Airlines company, which collapsed in 2012 with debts of almost £1 billion. Mallya, who resides in the UK permanently after his...
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4y ago from MotorsportWeek.com
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