Force India plays down Mallya's troubles

2,413 views

Is Vijay Mallya a 'wilful defaulter' as claimed by the United Bank of India?

Sep.3 (GMM) Force India has played down this week's alarming news from India about team supremo Vijay Mallya.

Amid the decline of his airline Kingfisher, the former billionaire was declared a 'wilful defaulter' by the public sector lender the United Bank of India, meaning he will lose his director positions and be unable to borrow money.

An insider explained: "Any company in which they are directors, those companies would be affected."

A 'wilful defaulter'?

And the very latest news is that India's supreme court rejected Mallya's petition challenging the 'wilful defaulter' tag, causing some to wonder if the 58-year-old's entire empire could begin to crumble.

The chief of Force India's title sponsor Sahara, Subrata Roy, is currently in jail on financial charges, but a team spokesperson has played down the effect Mallya's latest troubles will have on the Silverstone based outfit.

"The team will not be affected in any way," the spokesperson told PA Sport.

Write a comment
Show comments
About this article
Series F1
Article type Breaking news
Tags f1, gmm

User photos

stirlingf18
F1

stirlingf18

1 photos
erikjunius
F1

erikjunius

37 photos
EuroRacer
F1

EuroRacer

21 photos
SurdinP
F1

SurdinP

1 photos
max
F1

max

29 photos
ADLITIKA
F1

ADLITIKA

213 photos
Kevin_Bennett_Photo
F1

Kevin_Bennett_Photo

139 photos
Upload photo