Thiruvananthapuram

28°C

Haze

Enter word or phrase

Look for articles in

Last Updated Thursday December 13 2018 01:46 AM IST

Vijay Mallya resigns as Force India F1 director

Text Size
Your form is submitted successfully.

Recipient's Mail:*

( For more than one recipient, type addresses seperated by comma )

Your Name:*

Your E-mail ID:*

Your Comment:

Enter the letters from image :

Vijay Mallya resigns as Force India F1 director Co-owner Vijay Mallya has resigned as a director of the Force India Formula One team but will continue to serve as principal and shareholder.

London: Co-owner Vijay Mallya has resigned as a director of the Force India Formula One team but will continue to serve as principal and shareholder.

"I continue as team principal," the beleaguered businessman told the Motorsport.com website on Thursday. "There was no compulsion anywhere to resign, it's just that I decided that my son should replace me.

"I have my own legal issues to take care of. So it's better that the company remains unaffected."

Mallya, who lives in Britain, is fighting a court battle to prevent his extradition to India to face charges of fraud.

The 62-year-old Indian, who denies wrongdoing, stands accused of fraudulently palming off losses from his now defunct Kingfisher Airlines on to banks by taking out loans he had no intention of repaying.

A "termination of a director appointment" notice was listed under the team's filings on the Companies House website. The date of termination was May 25.

There was no mention of his son, Siddharth, being appointed in his place.

Read more Sports news

The opinions expressed here do not reflect those of Malayala Manorama. Legal action under the IT Act will be taken against those making derogatory and obscene statements.

Email ID:

User Name:

User Name:

News Letter News Alert
News Letter News Alert