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Ex-F1 team boss Mallya to hear extradition fate today
Former Force India owner and team principal Vijay Mallya will appear in a London court on today (Monday) to find out whether he will be extradited to his homeland, where he is accused of fraud. Mallya, chairman of the UB Group drinks conglomerate and chief executive of the Force India Formula One team, will discover his fate at Westminster Magistrates' Court. He left India in March 2016 owing more than $1 billion after defaulting on loan payments to state-owned banks and allegedly misusing the funds. The loans from the state-owned IDBI bank were intended to bail out his failed carrier Kingfisher Airlines. Mallya said in July that he had made an 'unconditional offer' to an Indian court in a...
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5y ago from GrandPrix247.com
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