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
Pedro Acosta says teaming up with Marc Marquez would...
No description available...
5h ago from Motorsport.com
Aprilia’s MotoGP advantage not due to special rear...
No description available...
1d ago from Motorsport.com
Why WorldSBK leader Nicolo Bulega could miss out on a...
Rumours surrounding Nicolo Bulega and a possible move to MotoGP in 2027...
1d ago from MotorsportWeek.c...
Popular On IndyCarToday.com
IndyCar: A closer look at Mick Schumacher's true pace
No description available...
18h ago from Motorsport.com
Will Power's father okay after wrestling with armed...
No description available...
23h ago from Motorsport.com
Mick Schumacher: “I thought I was ready — but I...
No description available...
1w ago from Motorsport.com
Winners and losers from IndyCar at Barber Motorsports...
No description available...
1w ago from Motorsport.com
Popular On TotalWRC.com
How Takamoto Katsuta’s maiden WRC win is impacting...
No description available...
5h ago from Motorsport.com
Hyundai continues to honour Craig Breen's memory
Hyundai Shell Mobis World Rally Team will run a special livery at this...
1d ago from MotorsportWeek.c...
Hyundai unveils Craig Breen tribute livery for WRC...
No description available...
1d ago from Motorsport.com
Storm damage forces changes to WRC Rally Islas...
No description available...
5d ago from Motorsport.com
Popular On GunnersToday.com
Arsenal leading Bundesliga giants in the race for...
Sao Paulo attacker Lucca Marques is a target for Premier League club...
25m ago from CaughtOffside.com
Pundit urges Arteta not to use Arsenal star again,...
Arsenal manager Mikel Arteta has been urged not to play goalkeeper Kepa...
2h ago from CaughtOffside.com
Man United & City transfer target to cost...
Manchester United and Manchester City are reportedly likely to be the two...
2h ago from CaughtOffside.com
'That might be an issue' - Thierry Henry highlights...
France legend Thierry Henry believes Arsenal do not create enough chances...
2h ago from SportsKeeda.com
Comments
Hottest News
Middle East crisis continues to cause global motorsport...
The impact of the ongoing crisis in the Middle... Read More »
45m ago from RacingNews365.com
F1 News Today: Worrying Lewis Hamilton admission emerges,...
There was a lot to discuss coming out of last... Read More »
2h ago from GPFans.com
Alpine identifies key ‘weakness' holding back...
Alpine Managing Director Steve Nielsen has... Read More »
45m ago from MotorsportWeek.com
