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
Francesco Bagnaia explains why it's ‘impossible'...
After failing to secure a podium at his Grand Prix at Mugello, Francesco...
1d ago from MotorsportWeek.c...
Aprilia to run “special test” for Jorge Martin...
No description available...
1d ago from Motorsport.com
Watch: “Feels like yesterday” - Alex Criville...
No description available...
1d ago from Motorsport.com
EU approves Liberty Media's purchase of MotoGP and...
Liberty Media has received unconditional approval from the European...
2d ago from MotorsportWeek.c...
Popular On IndyCarToday.com
Malukas’ recovery drive secures Foyt’s best team...
During Sunday’s IndyCar race at Road America, David Malukas was the...
21h ago from MotorsportWeek.c...
Winners and Losers from IndyCar’s Road America...
No description available...
2d ago from Motorsport.com
How a “grumpy” Alex Palou ended up thankful for...
No description available...
1d ago from Motorsport.com
Santino Ferrucci hangs on for Road America podium,...
No description available...
2d ago from Motorsport.com
Popular On TotalWRC.com
Rallies around the world: The ones not to miss – and...
Rallying is unlike any other motorsport. It doesn’t unfold on pristine...
1w ago from MotorsportWeek.c...
Malcolm Wilson appointed as FIA Deputy president for...
No description available...
1w ago from Motorsport.com
Popular On GunnersToday.com
Fabrizio Romano names Arsenal star who is ‘set...
Arsenal are preparing for life without Thomas Partey, with the Ghanaian...
4h ago from CaughtOffside.com
The next Haaland? What Sesko would bring to Arsenal
Arsenal are considering a move for Benjamin Sesko this summer but what...
2h ago from SkySports.com
Africa Cup of Nations: Which PL games could Salah,...
Next season's Premier League fixtures are now out - find out which games...
2h ago from SkySports.com
Papers: Arsenal ready to swoop for Palace's Guehi
The top stories and transfer rumours from Wednesday's newspapers...
2h ago from SkySports.com
Comments
Hottest News
F1: Brad Pitt drives COTA in MCL60
McLaren has revealed that ahead of the global... Read More »
51m ago from Pitpass.com
Sergio Perez confirms long-standing rumour over Max...
Sergio Perez spent four years at Red Bull... Read More »
1h ago from RacingNews365.com
Pitt blown away by McLaren F1 test: ‘Never experienced...
Brad Pitt may be used to fast-paced action on... Read More »
5h ago from F1i.com
