Force India Formula 1 team owner Vijay Mallya has been re-arrested and bailed in London, England following a fresh money laundering charge from Indian authorities.
Mallya, who has owned the Force India team since 2008, was first arrested and bailed back in April after calls for extradition to India relating to financial irregularities surrounding Kingfisher Airlines, which closed down four years ago.
Mallya was arrested for a second time on Tuesday in London following the new charge which, according to the crown prosecution service, “is essentially showing where the money went to. For example, it is alleged that some of the funds ended up with the Force India racing team”.
Speaking outside the court after being bailed, Mallya is quoted by The Guardian as saying: “I deny all allegations that have been made and I will continue to deny them. I have not eluded any court.
“If it is my lawful duty to be here, I’m happy to be here.”
Mallya has remained in the UK since the calls for extradition, attending only the British Grand Prix, with Force India’s management at races being shared between deputy team boss Bob Fernley, commercial chief Otmar Szafnauer and technical head Andrew Green.