Force India

[andicole0]

Oops, after complaining other teams broke the rules by drying the track, it seems FI may have been involved on money laundering.
Vijay Mallya has been rearrested in the UK on behalf of the Indian government.
Wonder if he'll find it as easy as Bernie did when he was accused of financial wrong doings.
Formula One - never a dull moment!
Andi.

 

[Flibster]

He was already going through extradition. This may bring it forward.

Always been a slimy sod though.

 

[GravyMonster]

Hasn't this been going on with Mallya for about 5 years? He's had a lot of fingers in some very dirty pies from what I've read.

 

[andicole0]

I didn't think any of the alleged wrong doings had links with F1 this is the first time I have read about Force India being directly linked.
Andi.

 

[Deleted member 651465]

Why wouldn’t it? It would be the perfect vessel for laundering given the large sums of money thrown about

 

[andicole0]

Why wouldn’t it? It would be the perfect vessel for laundering given the large sums of money thrown about

I have not seen the link reported publicly before.
Andi.

 

[drunkenmaster]

Why wouldn’t it? It would be the perfect vessel for laundering given the large sums of money thrown about

That doesn't make it a prime target for money laundering, the idea of money laundering is to take dirty cash and make it clean, that means putting 'fake' income into a front business to be counted as legitimate income then go into a bank is profits.

Firstly, Force India aren't a profitable team, most of these teams don't make much profit, second, they don't have almost any ability to add fake income. The income for Force India isn't from cash sales of anything, it's from sponsors and from the FIA as constructors money, neither of which are suitable for dirty money.

The idea is to have say, a cash business like a bar, and hike up the supposed income and say you're making 30k profit a week instead of 20k and add 10k of dirty cash in on the books.

 

[lunarwolf]

That doesn't make it a prime target for money laundering, the idea of money laundering is to take dirty cash and make it clean, that means putting 'fake' income into a front business to be counted as legitimate income then go into a bank is profits.

Firstly, Force India aren't a profitable team, most of these teams don't make much profit, second, they don't have almost any ability to add fake income. The income for Force India isn't from cash sales of anything, it's from sponsors and from the FIA as constructors money, neither of which are suitable for dirty money.

The idea is to have say, a cash business like a bar, and hike up the supposed income and say you're making 30k profit a week instead of 20k and add 10k of dirty cash in on the books.

true but maybe he used laundered money to finance the FI team?

anyway I hope this is not the case, because FI are my favourite team in F1. If the allegations are true and he gets convicted it could be the end of FI, which would be a huge loss.