While Force India might be revelling in the publicity from its solid pre-season performance, all is not well behind the scenes.
The team’s senior investor, Subrata Roy Sahara, has been arrested after surrendering himself to police in the Indian city of Lucknow.
India’s Supreme Court ordered the arrest of Sahara after he failed to appears at recent hearings on fraud charges. Two of Sahara’s companies are accused of raising over $3.9 billion using bearer bonds that were later declared illegal, and he’s refused to refund the money despite court rulings to do so.
While his arrest was not expected to affect the the Force India F1 team – as its budget is separate of the financial messes of Sahara and Vijay Mallya’s respective business empires – that apparently may not be the case.
Our sources suggest that some of the team’s suppliers have recently been contacted asking for some flexibility in being paid while the team sorts out some ‘unexpected’ cash flow problems.
It’s understood that a number of these creditors are none too happy about this, and it could lead to court action in order to force the Silverstone-based team to cough up the cash.
Image via XPB Images
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