Ex-Force India F1 boss loses extradition appeal in UK High Court

Former Force India Formula 1 team principal Vijay Mallya has lost his appeal in a High Court ruling in the UK against his extradition to India

Ex-Force India F1 boss loses extradition appeal in UK High Court

Mallya has been wanted in India for alleged financial misconduct and fraud charges related to Kingfisher Airlines, which collapsed in 2012 with more than $1 billion in unpaid loans.

Following the verdict, Mallya has 14 days to apply for permission to appeal to the Supreme Court in the UK.

If the embattled tycoon decides not to pursue that route, the case would then go to the UK Home Office led by UK Home Secretary Priti Patel.

"We consider that while the scope of the prima facie case found by the SDJ [Senior District Judge] is in some respects wider than that alleged by the Respondent in India [Central Bureau of Investigation (CBI) and Enforcement Directorate (ED)], there is a prima facie case which, in seven important respects, coincides with the allegations in India," the judges ruled.

The embattled business tycoon has denied any wrongdoing and has offered to repay the loans, although authorities in India argue that he has no intention to pay back banks.

An extradition case against Mallya was lodged by India after he moved to the UK in March 2016, where he has resided ever since his passport was revoked.

He was arrested by British authorities in 2017 at the request of India, but was subsequently granted bail.

Since then all his worldwide assets have been frozen, and a special court ordered banks on 1 January to seize assets worth Rs 11,000 crore ($1.4 billion) - much higher than the amount lenders were seeking.

Mallya bought the Spyker F1 team in late 2007 and renamed it as Force India the following season, and he was widely hailed for turning it into a leading midfield team.

Under the Force India banner, the team tallied up six podium finishes, with a second-place finish at Spa (pictured above) in 2009 for Giancarlo Fisichella the outfit's best result.

However, amid increasing financial struggles, Force India went into administration in the middle of 2018 and was subsequently bought by a consortium led by Lawrence Stroll, who renamed the outfit as Racing Point.

From next year, Racing Point will be rebranded as Aston Martin.

shares
comments
Banned: The 2010 Formula 1 season's F-duct
Previous article

Banned: The 2010 Formula 1 season's F-duct

Next article

When Alonso triumphed through chaos to relieve a nation

When Alonso triumphed through chaos to relieve a nation
The relaxed home life that helps F1’s Danish superstar to deliver Plus

The relaxed home life that helps F1’s Danish superstar to deliver

The unrelenting grasp of the tax man prompts most racing drivers to move to the likes of Monaco, Switzerland or Dubai. But, as OLEG KARPOV found out, Kevin Magnussen is quite happy where he is, thank you very much – at home, with his family, in Denmark

Formula 1
Oct 5, 2022
How Perez has shown what many F1 drivers need from the 2022 season run-in Plus

How Perez has shown what many F1 drivers need from the 2022 season run-in

OPINION: Sergio Perez’s Singapore triumph arrested a big decline in his Formula 1 performances against Max Verstappen at Red Bull since his Monaco win. He now needs to maintain his form to the season’s end, while others are also seeking a change in fortunes

Formula 1
Oct 5, 2022
How the FIA should punish any breaches of the F1 cost cap Plus

How the FIA should punish any breaches of the F1 cost cap

OPINION: On Wednesday, the FIA will issue F1 teams with compliance certificates if they stuck to the 2021 budget cap. But amid rumours of overspending, the governing body must set a critical precedent. It needs to carefully pick between revisiting the bitterness of Abu Dhabi, a contradictory punishment and ensuring parity for the rest of the ground-effect era

Formula 1
Oct 4, 2022
Singapore Grand Prix Driver Ratings 2022 Plus

Singapore Grand Prix Driver Ratings 2022

A testing return to the Singapore Grand Prix in tricky conditions created plenty of hazards and mistakes for the Formula 1 drivers to fall into. That partly explains a number of low scores, including from a handful of high profile runners, allowing others to take a starring role under the floodlights

Formula 1
Oct 3, 2022
The two key contributors to Leclerc's defeat to Perez in F1's 2022 Singapore GP Plus

The two key contributors to Leclerc's defeat to Perez in F1's 2022 Singapore GP

In a marathon Formula 1 Singapore Grand Prix, Sergio Perez’s victory was only assured hours after the race due to a stewards investigation. Throughout the contest the Red Bull driver impressively held off Ferrari’s Charles Leclerc in changing conditions to see the Mexican pull out enough of an advantage to negate his post-race penalty

Formula 1
Oct 3, 2022
The time-honoured manufacturer model that can't apply to all F1 teams Plus

The time-honoured manufacturer model that can't apply to all F1 teams

What happens, asks MATT KEW, if the old adage of win on a Sunday, sell on a Monday is no longer true for F1 manufacturers?

Formula 1
Oct 2, 2022
Why is Oscar Piastri F1's most sought-after rookie? Plus

Why is Oscar Piastri F1's most sought-after rookie?

The Australian rising star is fast, consistent, confident, adaptable and has shown excellent racecraft, but there’s already a taint to his reputation. That hasn’t stopped him becoming the hottest property in this year’s F1 driver market and why McLaren moved fast to snap up the 21-year-old

Formula 1
Sep 30, 2022
The unintended benefit that F1's new engine rules era will deliver Plus

The unintended benefit that F1's new engine rules era will deliver

Formula 1's incoming engine rules shake-up has multiple targets. But it may also solve what has been a bone of contention since the hybrids arrived in 2014. The new plan will allow the series to pump up the volume

Formula 1
Sep 29, 2022