Vijay Mallya arrested | FerrariChat

Vijay Mallya arrested

Discussion in 'F1' started by Bas, Apr 18, 2017.

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  1. Bas

    Bas Four Time F1 World Champ

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    Bas
  2. maulaf

    maulaf Formula 3

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    #2 maulaf, Apr 18, 2017
    Last edited: Apr 18, 2017
    I read elsewhere that this was imminent.

    I hope there are no consequences to FI.
     
  3. jgonzalesm6

    jgonzalesm6 Two Time F1 World Champ
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    He was prolonging the inevitable.....

    what MAULAF said about FI
     
  4. william

    william Two Time F1 World Champ
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    Not a surprise.

    For a few years, he has been under investigation in India, regarding business deals, tax arrears, etc...


    Same for his associate who owns SAHARA, apparently.

    The team Force India may change hands before long.
     
  5. jgonzalesm6

    jgonzalesm6 Two Time F1 World Champ
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    assets seized there too.....property, autos, etc. to pay back the shareholders. He still owes.
     
  6. william

    william Two Time F1 World Champ
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    It doesn't look good for the future of the team.

    It's a pity, because they finished in front of Williams last year, and Perez-Ocon aren't a bad pairing, IMO.
     
  7. Bill in Atlanta

    Bill in Atlanta Formula Junior

    Nov 22, 2004
    402
    shame for the team..FI looking good again this year
    dibs on the 550 Spyder :)
     
  8. Bas

    Bas Four Time F1 World Champ

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    Yep also worried for the team. Solid performers per $ spend. Surely ranking among the best.

    I wonder what the protocol is here, would be a great shame to see this team go, pretty rich heritage considering (started as Jordan of course).
     
  9. DF1

    DF1 Two Time F1 World Champ

    This has been in the works for months. If VW need a team the price appears to be going down!
     
  10. Ferrari 308 GTB

    Ferrari 308 GTB F1 Veteran

    Feb 21, 2015
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    Tropical
  11. DF1

    DF1 Two Time F1 World Champ

  12. DF1

    DF1 Two Time F1 World Champ

  13. Jeronimo GTO

    Jeronimo GTO Formula 3

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    #14 Jeronimo GTO, Apr 18, 2017
    Last edited: Apr 18, 2017
  14. Ferrari 308 GTB

    Ferrari 308 GTB F1 Veteran

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    Yeh ,only thing is hmmm the $$$Mio can we crowd fund it? LOL
     
  15. Jeronimo GTO

    Jeronimo GTO Formula 3

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    Let's give it a try...
     
  16. spirot

    spirot F1 World Champ

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    I think the team is "self funding" from FIA / F-1 prize money and travel money and sponsor deals.

    Mallya has always seemed slimy to me. all I've read about him is his shady deals... but I do like Kingfisher beer!
     
  17. Ferrari 308 GTB

    Ferrari 308 GTB F1 Veteran

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    IF it's true that he has liabilities of £900 mio then they will be looking at what assets they can sell to pay off these debts.What for example would Force India be worth? I don't think it would make a very bit dent in what the liabilities are.

    Kingfisher Beer + Curry = V nice!
     
  18. Ferraripilot

    Ferraripilot F1 World Champ
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    John!
    Does India have a debtors jail?
     
  19. TifosiUSA

    TifosiUSA F1 Veteran

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    All that money and that stupid ass haircut.
     
  20. jgonzalesm6

    jgonzalesm6 Two Time F1 World Champ
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  21. DF1

    DF1 Two Time F1 World Champ

  22. CSM0TION

    CSM0TION Formula Junior

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    Brandon
    Any account that I've ever read has always made him out to be a great guy to be around. To bad that he had the dodgey business dealings to diminish that.

    Was it just the airline that went bad or is he in trouble for a bunch of other things as well?
     
  23. tifoso2728

    tifoso2728 F1 Veteran
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    I just hope the team will continue.
     
  24. TheMayor

    TheMayor Nine Time F1 World Champ
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    Vegas baby
    There is no corruption anywhere in India.


    LOL!!!!!
     

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