F1 tycoon Vijay Mallya's Indian assets could be seized after Delhi court ruling

F1 tycoon Vijay Mallya's Indian assets could be seized after Delhi court ruling

Judge in India declares the Force India co-owner a ‘proclaimed offender’ after failing to appear in court

A New Delhi court on Thursday declared India’s flamboyant tycoon Vijay Mallya a “proclaimed offender” for failing to appear to answer allegations of money laundering by flouting foreign currency laws.

The order paves the way for the government to take over Mallya’s businesses and real estate holdings.

Related: Force India F1 team boss Vijay Mallya arrested in London

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