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Mallya hit with arrest warrant

Force India boss Vijay Mallya is hit with an arrest warrant
Vijay Mallya, the boss of the Sahara Force India team, has been hit with an arrest warrant by a court in his native India according to media reports.

According to the AFP agency, the warrant has been issued over a series of cheques that were handed to the operator of Hyderabad International Airport, which then bounced, by Mallya;s airline Kingfisher.

The cheques, totalling more than £1.2 million, were to settle user fees at the airport, with the fact they then bounced meaning the operators have now taken action.

"The cases were listed today for the airline to appear in the court," a spokesman for the complainant in the case, airport operator GHIAL, told AFP. "Since they failed to appear before the magistrate, the court has ordered issuance of NBW (non-bailable warrants) against Kingfisher Airlines (KFA), Vijay Mallya and four other KFA officials."

Kingfisher is currently seeking a buyer with staff having gone unpaid for a number of months.



Related Pictures

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09.09.2012- Vijay Mallya (IND), Chairman and Managine Director Force India
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24.05.2012- Vijay Mallya (IND), Chairman and Managine Director Force India
24.08.2014- Race, Nico Hulkenberg (GER) Sahara Force India F1 VJM07 and Jules Bianchi (FRA) Marussia F1 Team MR03
24.08.2014- Sergio Perez (MEX) Sahara Force India F1 VJM07
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24.08.2014- Race, Nico Hulkenberg (GER) Sahara Force India F1 VJM07
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24.08.2014- Race, Nico Hulkenberg (GER) Sahara Force India F1 VJM07
24.08.2014- Race, Sergio Perez (MEX) Sahara Force India F1 VJM07
23.08.2014- Qualifying, Sergio Perez (MEX) Sahara Force India F1 VJM07
23.08.2014- Qualifying, Nico Hulkenberg (GER) Sahara Force India F1 VJM07
23.08.2014- Qualifying, Sergio Perez (MEX) Sahara Force India F1 VJM07
23.08.2014- Qualifying, Sergio Perez (MEX) Sahara Force India F1 VJM07
23.08.2014- Free Practice 3, Nico Hulkenberg (GER) Sahara Force India F1 VJM07
23.08.2014- Free Practice 3, Sergio Perez (MEX) Sahara Force India F1 VJM07

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Taz

October 12, 2012 4:15 PM

He sold of 50% of the team and his investment in the team will be separate from his Kingfisher business (I hope) so maybe it's the end of his involvement in F1 but hopefully it wouldn't affect the teams existence, besides he'll have money hidden away from the bad businesses. Spare a thought for the amount of staff who haven't been paid for ages despite doing their jobs, been there in the past and it truly sucks.

Bobl - Unregistered

October 12, 2012 3:27 PM

So how long till the rest of force india is up for sale, paul stoddart found out the hard way that having a succesful airline is still does not bring in enough money to run an F1 team, jackie oliver said a long time ago, 'how do you make a small fortune from grand prix racing, well start with a large fortune' bye bye fif1.



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