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Sahara set to sell its 42.5 per cent stake in Force India
Indian conglomerate Sahara India Pariwar is set to sell its stake in the Force India Formula 1 team as part of an ongoing legal case against owner Subrata Roy, who was accused of fraud and jailed back in March 2014. Sahara had been ordered to pay back hundreds of millions to investors, but failed to do so and was therefore jailed by India's Supreme Court almost two years ago. However the court has grown tired of waiting and is considering appointing its own receiver to sell off Sahara's assets to raise the necessary funds to pay back investors it claims were duped by Roy. In reaction to this, the Indian businessman has requested permission to dispose of certain assets in...
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8y ago from GrandPrixTimes.com
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