Force India 'named in Vijay Mallya money laundering'

Indian tycoon Vijay Mallya appears in UK court on new charges

He was released on bail immediately after Tuesday's arrest, and is due to face a full extradition hearing starting on December 4.

"Many allegations are extraordinary and you will hear it in the next hearing, no doubt", said Mallya as he left Westminster Magistartes' Court on Tuesday.

He also said that the British government needs to send out a strong message by not encouraging people like Mallya to reside in their country.

India is seeking Mallya's extradition over loans to him tied to his defunct Kingfisher Airlines after the businessman, co-owner of the Force India team, moved to Britain in March previous year.

"I have not eluded any court".

Scientists awarded Nobel Prize in Chemistry for biomolecular imaging
Between 1975 and 1986, Frank developed a new method to process electron microscopes' images into a more sharp, 3D structure. Richard Henderson, Joachim Frank and Jacques Dubochet helped to develop cryo-electron microscopy.

The Crown Prosecution Service, acting on behalf on the Indian government, said additional charges had been laid against Mallya in his homeland.

The Indian government has brought a new money-laundering charge against a prominent Indian tycoon who is fighting extradition from Britain.

In a statement, the lawyer representing the Indian government, Mark Summers said "The government alleges, for example, some of the funds have ended up with the Force India Formula 1 team". Force India, which started competing in F1 in 2008, is co-owned by Mallya and jailed Sahara India Parivar boss Subrata Roy.

The judge will then make a decision based on whether there is a prima facie case against Mallya and whether the alleged crimes would be offences in Britain as well as India.

Vijay Mallya has been accused of laundering money related to his Formula 1 team Force India. Known for his lavish lifestyle, Mallya made Kingfisher beer a global brand and ran a now-defunct airline with the same name.

Related News:

  • Cubans, Americans in Havana bewildered by diplomatic spat

    Cubans, Americans in Havana bewildered by diplomatic spat

    At the same time, Washington stopped short of severing diplomatic ties with the island, restored in summer 2015. Havana has pledged to continue to investigate and the USA will assist in the effort, Tillerson said.
    Ford to cut costs by $14B

    Ford to cut costs by $14B

    Ford Chief Financial Officer Bob Shanks stated it could take until 2020 or later to achieve the 8 percent margin objective. The company had said previously earnings would rebound next year after taking a hit on self-driving investments.
    AVATAR Sequels Enlist TITANIC Alum KATE WINSLET

    AVATAR Sequels Enlist TITANIC Alum KATE WINSLET

    Titanic held the title of highest-grossing film in box office history for 12 years until Avatar took the top spot in early 2010. Twenty after Titanic, Kate Winslet goes back to stand in front of the camera of James Cameron with Avatar 2 .
  • Premier League In Focus - West Brom vs Watford Preview

    Premier League In Focus - West Brom vs Watford Preview

    Last year the season started much harder and ended very well, this year it started very well and we don't know how it will end. The fans are some of the most passionate around and I am really looking forward to meeting some of them on Saturday.
    Russian Air Strike 'Injures Top Jihadist'

    Russian Air Strike 'Injures Top Jihadist'

    Jabhat al-Nusra, or Al-Nusra Front, was the name of a militant group that was described as Al-Qaeda's branch in Syria . The strike came after Russia's military learnt where Hayat Tahrir al-Sham (HTS) commanders were due to meet, it added.
    This Is Ian Wright's Weird Choice To Replace Arsène Wenger At Arsenal

    This Is Ian Wright's Weird Choice To Replace Arsène Wenger At Arsenal

    Wright identified Dyche as Wenger's successor but has questioned whether the north London club would appoint him. If he carries on like he is he'll probably be pushed into that role", he said.
  • Toys R Us releases an AR app

    Toys R Us releases an AR app

    The company is planning to improve its online presence and to be more active in interactive areas. The app is also gamified, with the objective being to collect "stars" to unlock more experiences.
    New genetic test can help in the fight against breast cancer

    New genetic test can help in the fight against breast cancer

    A woman in the US has a 12.4 percent, or 1 in 8, lifetime risk of being diagnosed with breast cancer . Williams is a member of the medical staff at Heart of Florida Regional Medical Center.
    Avon to host Fire Prevention Week events

    Avon to host Fire Prevention Week events

    Welle said ultimately, both he and the department hope the public will be mindful when it comes to practicing fire safety. For the adults, there will be brief instructions on fire extinguishers and how to properly use them along with basic CPR.
  • Fourth Woman Accuses Roman Polanski Of Sexually Assaulting Her As A Teenager

    Fourth Woman Accuses Roman Polanski Of Sexually Assaulting Her As A Teenager

    Mr Polanski has become involved in legal problems during brief visits to Switzerland and Poland in the past. Detectives in the Swiss town of Gallen met Ms Langer last week, and she made a formal criminal complaint.
    US shooter's girlfriend returns to US from Philippines

    US shooter's girlfriend returns to US from Philippines

    Paddock killed himself in the room, they added . "He sent her away so that he can plan what he is planning without interruptions". Prior to Danley's arrival in the U.S., Las Vegas Sheriff Joseph Lombardo said "we anticipate some information from her shortly".
    WWE 2K18 Features No Microtransactions

    WWE 2K18 Features No Microtransactions

    You'll have to resort to good old fashioned grinding to unlock stuff in this year's WWE game, which I guess is somewhat better. Since WWE 2K18 doesn't give you the privilege of spending more, what is the whole point of the gambling scheme anyway?


Most liked

Woman who lived with Las Vegas shooter described as 'person of interest'
Public records contained no indication of any financial problems, and his brother described him as a wealthy real estate investor. After his conviction, Patrick was sentenced to 20 years in federal prison, but escaped and went on the run again.

Las Vegas gunman's girlfriend located in Philippines
Danley, who it is believed was born in the Philippines, is reported to have lived on the Gold Coast in Queensland 20 years ago. Shortly afterwards she moved to the U.S. - this is where her history appears more complicated.

Tesco restores dividend as profits rise
Tesco chief executive Dave Lewis has hailed "strong progress" at the supermarket as sales rose for the seventh quarter in a row. In Tesco's prime market, the United Kingdom, like-for-like turnover grew 2.2 % and there was a 1.1 % increase in Ireland.

Saudi king arrives in Moscow on first historic visit to Russian Federation
Chris Weafer, senior partner at Macro Advisory Partners, told CNBC on Tuesday that King Salman's attendance at the meeting was "very significant".

'Glee' Star Pleads Guilty To Child Porn
While initially facing a 20-year jail term, TMZ reported that prosecutors were seeking a sentence of between four and seven years. The star became a household name the world over after starring in teen TV show Glee as bad boy and heartthrob Puck.

Area mom jailed for ignoring deal to vaccinate son
Child immunisation rates in MI are among the worst in the nation, ranking 43rd among the 50 U.S. states, according to Mlive . Earlier this year, the State of MI launched a social media and TV campaign to encourage parents to vaccinate their children.

Britvic plans United Kingdom site closure, affecting 240 employees
One of those options under consideration is the potential closure of Unilever's Norwich factory where 113 employees are based. The company said that while grocery performance was subdued, it grew strongly in the convenience and on-trade channels.

Court asked to restore details of Kim Jong Nam post-mortem
The four North Korean suspects flew out of Kuala Lumpur for Pyongyang on the day of the killing and remain at large. The murder charge under Section 302 of the Penal Code carries the mandatory death sentence upon conviction.

Marine takes truck to save victims of Las Vegas shooting
Winston and his girlfriend were dancing the two-step while Jason Aldean was playing when the gunfire started, he told CBS . Richard Phillips rescue mission, the Daily Beast reports. "We needed to get them out of there regardless of our safety".

Switching to E-Cigarettes Can Lengthen a Person's Life
Starting next month, major USA cigarette companies will publish a series of statements about the health risks of smoking. Scientists and specialists fighting against tobacco consumption are divided on the use of e-cigarettes.

Catalans go on strike over referendum violent crackdown
Two demonstrators, one wearing a Spanish flag and the other a Catalan independence flag, walk in Barcelona . Mr Puigdemont has called on the worldwide community to help mediate between the two sides.

'American Idol' auditions come to NYC
As Tuesday's auditions wrapped up, host Ryan Seacrest gave us a quick behind the scenes look while one Hopeful was possibly in the audition room performing for the new judges .

S: Arsenal 2-0 Brighton (FT)
Arsene Wenger praised his side for their 2-0 win over Brighton , but admitted that Arsenal did become a little complacent. Arsenal will take on Brighton at the Emirates Stadium in the Premier League on Sunday afternoon.

Dileep walks out of jail under strict bail conditions
If reports are to be believed, Dileep has been asked to pay an amount of Rs 1 Lakh as a bond along with 2 personal sureties. Besides AMMA, producers' association and Film Employees Federation of Kerala (FEFKA) also expelled Dileep .

Tom Petty Dead at 66 Following Cardiac Arrest
He had just completed a three night run at the Hollywood Bowl last Monday, to close out the group's 40 anniversary tour. Petty will be remembered as an inspiration to many, and for the rich legacy of music he leaves behind.