Force India F1 boss Vijay Mallya arrested on new money-laundering charge
Tycoon denies Indian government’s claim he supported his Formula One team with money-laundered cash
Vijay Mallya, the flamboyant multimillionaire co-owner of the Force India Formula One team and self-proclaimed “King of the Good Times”, was arrested on Tuesday over allegations of supporting his F1 team with money-laundered cash.
The Indian government accuses Mallya, 61, of fleeing to the UK to avoid arrest in relation to £1bn of unpaid debts. The crown prosecution service said Mallya was re-arrested on Tuesday on behalf of Indian authorities. “The new charge is essentially showing where the money went to, for example, it is alleged that some of the funds ended up with the Force India racing team,” said the CPS.
Source: Formula 1