Formula 1 - Warrant Against - Mallya Issued Bad Checks? ~ THE AUTOMOTIVE WORLD BLOG

Warrant for Force India owner Vijay Mallya: According matching media reports, the 56-year-old in the southern Indian city of Hyderabad is wanted by the police. The reason for the arrest warrant issued against him are several checks bounced his allegedly nearing insolvency Kingfisher Airlines at Hyderabad International Airport. The decree against Mallya is not bailable, as the globetrotter with its own airline possibly could be escaping. The current dispute is expected to amount to two million dollars and was originally designed to cover airport fees be.

A spokesman said: "The various cases were compiled and the airline would have to answer to this day in court." This did not happen, no one would have the authorities reported. "The court has therefore issued arrest warrants that have not been exposed to the deposit -. Accused the Kingfisher Airlines (KFA), Vijay Mallya and four other officials KFA" For some time there were rumors about the poor financial health of the Indian tycoon, his fleet had recently more often stay on the ground. To what extent the F1 team could be affected by the events is still unclear.

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