On Tuesday, the former Indian billionaire was arrested in the UK and later released on bail.
"He will return to court on November 20," financial news agency Bloomberg reported, quoting a prosecutor as saying that one charge involves money laundering that "relates to Force India Formula 1 team".
A prosecution statement said that some of Mallya's allegedly laundered money in the case "ended up with the Force India racing team".
Outside court, Mallya did not deny the charges, saying: "You heard it all [in court].
"Many allegations are extraordinary and you will hear it in the next hearing, no doubt. Whatever I will say I will say in court and do not have to repeat to the media."
Mallya has been involved with the team since 2007.