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Vijay Mallya’s might lose its F1 assets, soon
Vijay Mallya's might lose its F1 assets, soon The Indian enforcement directorate (ED) could begin its second round of attachment process against liquor magnate and Force India team Principal Vijay Mallya. Last week, in the fresh troubles for Mallya, his erstwhile group firm United Spirits disclosed Rs 1,225.3 crore worth fund diversion and improper transactions with entities associated with the beleaguered businessman including Kingfisher Airlines and his Formula One team. This corporate announcement by USL has triggered the ED for another round of action against Mallya. Sources within the agency confirmed that Mallya's might lose its F1 assets, soon. 'We have enough materials and...
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10y ago from ThisIsF1.com
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