News Details
Defiant Mallya prepared to settle debts
Force India team chief Vijay Mallya said he is prepared to settle hundreds of millions owed to banks after the collapse of his firm, in an interview published in the Financial Times. 'But we wish to settle at a reasonable number that we can afford and banks can justify on the basis of settlements done before,' he told the business daily, which gave a figure of £440 million ($645 million). Mallya, a part-owner of the Force India Formula 1 team who used to run a liquor empire, left India on 2 March owing more than $1 billion, and an Indian court last week issued a warrant for his arrest. India also revoked his passport, after he repeatedly failed to appear before investigators looking...
Full Story »
Full Story »
9y ago from GrandPrix247.com
0
You May Also Be Interested In...
Indian crime agency requests Britain to deport Mallya
India's financial crimes agency said Thursday it is seeking the...
9y ago from GrandPrix247.com
Mallya: Force India expected more from opening races
Sahara Force India Force India team boss Vijay Mallya says the outfit...
9y ago from F1Zone.net
Mallya disappointed with Force India
Failing to fulfill their potential so far this season, Force India team...
9y ago from PlanetF1.com
Force India preview the Russian Grand Prix
Sahara Force India looks forward to round four of the 2016 season in...
9y ago from GrandPrix247.com
Elsewhere On The Network
Popular On MGPToday.com
Victoria Government rejects MotoGP requests to move...
The Victoria State Government has rejected a request from MotoGP to move...
5h ago from MotorsportWeek.c...
Australian government rejects MotoGP proposal to race...
No description available...
9h ago from Motorsport.com
Dorna Sports unveils rebrand as part of MotoGP...
Dorna Sports has announced it will be officially known as MotoGP Sports...
9h ago from MotorsportWeek.c...
Carlos Ezpeleta: 'We are in hurry to lay foundations...
No description available...
1d ago from Motorsport.com
Popular On IndyCarToday.com
Understanding IndyCar's new deal with Chevrolet and...
No description available...
1d ago from Motorsport.com
Honda confirms early discussions for 2028 factory...
Honda, one of two engine manufacturers that supply IndyCar, has confirmed...
4d ago from MotorsportWeek.c...
Romain Grosjean returns to IndyCar with full time seat...
Dale Coyne Racing has made public its plans for the 2026 IndyCar season,...
4d ago from MotorsportWeek.c...
Romain Grosjean returns to IndyCar, signs with Dale...
No description available...
4d ago from Motorsport.com
Popular On TotalWRC.com
Hyundai “realistic and optimistic” in mission to...
No description available...
1d ago from Motorsport.com
Oliver Solberg “didn’t deserve more than P4”...
No description available...
2d ago from Motorsport.com
Elfyn Evans wins Swedish showdown
Elfyn Evans and Scott Martin clinched victory on Rally Sweden which ended...
2d ago from MotorsportWeek.c...
WRC Sweden: Elfyn Evans storms to victory as Toyota...
No description available...
2d ago from Motorsport.com
Popular On GunnersToday.com
Arsenal get green light as 35-goal forward eyes summer...
Nico Williams has been linked with a move away from Athletic Club Bilbao...
50m ago from CaughtOffside.com
Contract stand-off alert: Arsenal smell opportunity as...
Arsenal are plotting an ambitious move to sign the PSG superstar Ousmane...
2h ago from CaughtOffside.com
'He’s got everything to suit the best clubs in...
Former Chelsea star Emmanuel Petit has urged Arsenal to sign Julian...
2h ago from SportsKeeda.com
Man United open internal talks to land 80m...
Igor Thiago continues to be linked with a move away from Brentford after...
2h ago from CaughtOffside.com
Comments
Hottest News
Christian Horner F1 return ditched on eve of 2026 season
Christian Horner's F1 comeback has reportedly... Read More »
1h ago from GPFans.com
Will this be the next topic of F1 controversy?
Starting this season, F1 cars will run on... Read More »
2h ago from RacingNews365.com
Crucial 2026 F1 power unit meeting date decided
With the March 1 engine homologation deadline... Read More »
1h ago from MotorsportWeek.com
