Force India co-owner Vijay Mallya has decided to step down from the post of the director with reports claiming that he would be replaced by his son Siddarth Mallya. The 62-year old stated that he took the decision so that he could give more time to his legal issues against the Indian government.
Know ki hhhAccording to reports from BBC, Force India co-owner Vijay Mallya has resigned as a director of the team. The 62-year-old has stated that he decided to step down so that his team remained unaffected by his case and he could devote more time to the case.
The controversial businessman, who has been fighting an extradition request from the Indian government for quite some time now, would remain as team principal of the Formula 1 outfit. He has been accused of defrauding Indian banks and has had his passport revoked while the government is seeking to force him to return from exile in the UK.
Mallya stated that he would be replaced as a director on the board by his son Siddarth.
"There was no compulsion anywhere to resign. It's just that I decided my son should replace me. I have my own legal issues to take care of, so it's better that the company remains unaffected," he told Autosport.
Mallya co-owns Force India with another controversial Indian businessman, Subrata Roy, who has served a jail sentence for financial irregularities. Each owns 42.5%, and Dutch businessman Michiel Mol 15%.