Thu, Oct 05, 2017 | Updated 12.09AM IST
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Indian businessman Vijay Mallya is facing new money-laundering charges, with some funds allegedly going to his Force India Formula One motor racing team, a London court heard on October 3. Mallya, who was on bail after being arrested by the British police in April, was rearrested on October 3, after India laid new charges against him. However, he was out on bail soon. India wants him to be extradited from London over loans to him tied to his defunct Kingfisher Airlines. He owes about $1.4 billion to banks, Indian authorities say.
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