Force India 'named in Vijay Mallya money laundering'

Vijay Mallya is accused of laundering money related to his Formula 1 team Force India.

Vijay Mallya has been accused of laundering money related to his Formula 1 team Force India.

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.

Sergio Perez of Force India during previews ahead of the Formula One Grand Prix of Russia at Sochi Autodrom on April 28, 2016
Read Next:
Sergio Perez signs Force India extension
>
You May Like
Recomended from Sports Mole

Loading ...

Failed to load data.

Login, I already have my ad-free pass
Log in with Facebook to customise Sports Mole
Buy ad-free access (show me the options)
Buy monthly ad-free access for £1.20/month
Buy yearly ad-free access for £12 (2 months free)
Settings - Logout - Manage your account
Settings - Logout - Manage your account