News Details

Vijay Mallya from F1's King of Good Times to Jail Time

Today India's Supreme Court sentenced tycoon Vijay Mallya to four months in jail for refusing to disclose his assets after defaulting on a loan of 90 billion rupees ($1.13 billion) since the collapse of his defunct Kingfisher Airlines. The high-living tycoon, with interests that ranged from the Force India F1 team, through aviation to liquor empires, is now in now a fugitive in Britain while Indian prosecutors and legal teams battle to extradite him so that he will serve tile for all he robbed from Mallya has refused to appear before the court in his home country, despite several summonses. Hence, the court found him guilty of contempt for not obeying its orders and imposed a fine of 2,000...
Full Story »
3y ago from GrandPrix247.com 0
Share

You May Also Be Interested In...

Ecclestone claims he offered to pay Lewis Hamilton's...

The already controversial figure of Bernie Ecclestone has become yet more...
3y ago from Formula1News.co.uk

‘It won't be an easy choice': Zhou has given...

Guanyu Zhou has given the Alfa Romeo F1 Team an immense headache, but for...
3y ago from Formula1News.co.uk

Steiner reveals very optimistic ‘next goal' as...

Haas team principal Guenther Steiner wants his drivers to kick on and...
3y ago from Formula1News.co.uk

Defeat to Leclerc ‘a surprise' in Austria...

Jul.11 Red Bull admits Charles Leclerc's victory for championship...
3y ago from OneStopStrategy.com

Elsewhere On The Network

Popular On MGPToday.com

Popular On IndyCarToday.com

Santino Ferrucci: Alternate aero package needed for...

For this weekend’s IndyCar finale at Nashville Superspeedway, the...

IndyCar partners with iRacing for standalone video...

The NTT IndyCar Series will feature in a new branded video game title,...

Popular On TotalWRC.com

Rovanperä leads, Fourmaux stars in Paraguay

Kalle Rovanperä and Jonne Halttunen took the lead of the inaugural Rally...

Popular On GunnersToday.com

Mikel Arteta backs Eberechi Eze to make impact on...

t;li>‘He’s a player that loves those scenarios and moments’Saka...
3h ago from TheGuardian.com

Medical this weekend: Ornstein shares latest on...

Arsenal have now agreed on a deal to sign Piero Hincapie from German club...
4h ago from CaughtOffside.com

Arsenal agree Hincapie deal

Arsenal have agreed a deal with Bayer Leverkusen to sign Piero Hincapie on...
4h ago from SkySports.com

No excuses for Arteta and Arsenal with new signings...

ee seasons of work from the head coach on the same host body have led in a...
6h ago from TheGuardian.com

Comments

Hottest News

Recent News


2014 GPToday.com
GPToday.com is not responsible for the news headlines and associated descriptions and images it indexes, the content of externally linked sites or the comments & postings of its users.

This website is unofficial and is not associated in any way with the Formula One group of companies. F1, FORMULA ONE, FORMULA 1, FIA FORMULA ONE WORLD CHAMPIONSHIP, GRAND PRIX and related marks are trade marks of Formula One Licensing B.V.