2
Force India boss Vijay Mallya has been declared a proclaimed offender by an Indian court.
The airline magnate and former member of Indian parliament is wanted in connection with a billion dollars of unpaid loans.
On 11 June 120M US million dollars worth of Mallya's assets were secured against loans totalling the same amount.
The move comes after Mallya, who is currently believed to be in London, has refused to return to India to face investigation in a money laundering case.
The Indian Government has previously requested the businessman be extradited to his homeland but the UK government has so far refused to cooperate, stating that he entered the country using a valid passport. His passport has since been revoked by the Indian authorities.
Indian law states that Mallya now has 30 days to appear in a place that has been specified by the courts. Should he fail to appear, the court has the right to sell off some of Mallya's property.
120 Million in assets seized as collateral in-case he defaults along with not showing up at court.
Grand Prix of BelgiumLocal time
Grand Prix of BelgiumLocal time
Bahrain International Circuit - Winter testing
M. Verstappen
C. Sainz jr
C. Leclerc
Bahrain
Bahrain
Bahrain International Circuit
Bahrain
Bahrain International Circuit
Saudi Arabia
Jeddah Street Circuit
Australia
Albert Park
Japan
Circuit Suzuka
United States of America
Miami International Autodrome
Monaco
Monte Carlo
Canada
Gilles Villeneuve
Spain
Circuit de Catalunya
Austria
Red Bull Ring
United Kingdom
Silverstone
Hungary
Hungaroring
Belgium
Spa-Francorchamps
Netherlands
Circuit Zandvoort
Italy
Monza
Azerbaijan
Baku City Circuit
Singapore
Marina Bay Street Circuit
United States of America
Circuit of the Americas
Mexico
Autodromo Hermanos Rodriguez
Brazil
Interlagos
United States of America
Las Vegas Street Circuit
United Arab Emirates
Yas Marina Circuit
96,020 comments on Force India
8 members have this team as their favourite
Tweets about Force India
mclarenfan1968
Posts: 1,027
120 Million in assets seized as collateral in-case he defaults along with not showing up at court.