News Details

Trouble mounts for Mallya in India

Vijay Mallya Force India supremo and entrepreneur Vijay Mallya has run into serious business trouble in his native India. Amid the decline of his airline Kingfisher, the former billionaire has now been declared a wilful defaulter by the public sector lender the United Bank of India. India's Telegraph newspaper said it means Mallya will lose his director positions from his companies and be unable to borrow from Indian banks. An insider explained: 'Any company in which they are directors, those companies would be affected. The idea is to exclude them from the financial sector.' Tweet !function(d,s,id){var...
Full Story »
9y ago from GrandPrix247.com 0
Share

You May Also Be Interested In...

Force India boss Vijay Mallya trouble in India

Force India boss Vijay Mallya trouble in IndiaPosted On 02 Sep 2014By :...
9y ago from ThisIsF1.com

Ecclestone at loggerheads with German bank

Lawyer Sven Thomas with his client Bernie Ecclestone Formula 1 supremo...
9y ago from GrandPrix247.com

F1 boss still fighting with German bank

F1 boss still fighting with German bankPosted On 26 Aug 2014By :...
9y ago from ThisIsF1.com

Mallya: Battle for fifth will remain tight

Force India team principal Vijay Mallya believes the battle for fifth...
9y ago from PlanetF1.com

Elsewhere On The Network

Popular On MGPToday.com

F1 owner Liberty Media set to finalise purchase of...

Formula 1 owner Liberty Media are in talks to buy Madrid-based company...

Popular On IndyCarToday.com

Popular On TotalWRC.com

Kalle quickest in Safari shakedown

Reigning WRC champion Kalle Rovanperä set the benchmark time in Wednesday...

Sebastian Ogier returns in 68-strong Rally Croatia...

The fourth round of the FIA World Rally Championship has attracted 68...

Popular On GunnersToday.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.