Posted on October 13, 2012


The problems of Sahara Force India boss Vijay Mallya seem to be mounting up at the moment. This weekend he was hit with a non-bailable arrest warrant in Hyderabad, India for non payments, due to bounced cheques for use of the city’s airport, relating to his failing airline Kingfisher. While debts in his drinks business could force him to sell a controlling interest to one of his biggest rivals. The airline, once the second largest in India, has net debts of $1.7 billion and its sales have fallen 87% from a year ago to $222m. According to The Economist, the More…



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