HALISTER1: Mallya Charged With Money Laundering Related to Indian F-1 Team

Mallya Charged With Money Laundering Related to Indian F-1 Team

(Bloomberg) -- Fugitive Indian tycoon Vijay Mallya faces new money laundering charge in a London court Tuesday and is fighting extradition to India.
  • Mallya doesn’t consent to extradition during appearance in Westminster Court after arrest earlier in day
  • One of money laundering allegations relates to Force India Formula 1 team, prosecutor Mark Summers says
  • Mallya’s next hearing comes Nov. 20
  • Mallya declines to comment outside of court
  • NOTE: Indian Tycoon Mallya Facing Second Set of India Criminal Charges
To contact the reporter on this story: Jeremy Hodges in London at jhodges17@bloomberg.net To contact the editors responsible for this story: Anthony Aarons at aaarons@bloomberg.net Christopher Elser

Alert: HALISTER1
Source: BFW (Bloomberg First Word)

Tickers
KAIR IN (Kingfisher Airlines Ltd)

People
Dr Vijay Mallya (Kingfisher Airlines Ltd)

Topics
Formula 1

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