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Former Force India chief Mallya vows to appeal extradition
Tycoon Vijay Mallya has promised to appeal Britain's decision to order his extradition to India to face fraud charges. The case of the 63-year-old owner of Kingfisher beer, who also heads the Force India Formula One racing team, is the most high-profile of several extradition cases between Britain and India. Former Force India Formula 1 team chief Mallya left India in 2016 owing more than $1 billion after defaulting on loan payments to a state-owned bank and allegedly misusing the funds. The loans were intended to bail out his failed carrier Kingfisher Airlines. In December, a British court ruled that he could be sent back to India, where he was once a member of parliament. On Monday,...
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6y ago from GrandPrix247.com
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