Vijay Mallya resigns as India’s top representative to FIA
Vijay Mallya resigned ahead of the last meeting of FIA’s World Motor Sport Council (WMSC) in June
New Delhi: Vijay Mallya has quit as Indian motorsport body’s top representative in the world body FIA after intervention from the sports ministry.
Mallya, who is facing extradition to India over unpaid debts for the defunct Kingfisher Airlines, resigned ahead of the last meeting of FIA’s World Motor Sport Council (WMSC) in June, following the ministry’s directive to Federation of Motor Sports Club of India (FMSCI).
FMSCI can now only nominate a new representative to the FIA in December as a national body cannot nominate anyone in between the stipulated tenure.
Former FMSCI president Vicky Chandhok was deputy to Mallya at the FIA and has attended all the meetings ever since the Indian passport of the troubled businessman was revoked.
Current FMSCI boss Akbar Ebrahim refused to comment on the subject.
The official FMSCI website promptly removed the names of Mallya and Chandhok from the list of its FIA representatives. Earlier this year, Mallya was also removed as FMSCI honorary chairman as a result of his mounting troubles.
- Ola staff encash Esops as Temasek acquires shares worth $30 million
- Brookfield invests $100 million in clutch of INCOR’s residential projects in Hyderabad
- How investor confidence, other factors are leading the Indian deals landscape
- Canadian pension fund eyes investments in Indian stressed assets
- Airtel plans to raise ₹56,000 crore, cut debt by half over 18 months
Editor's Picks »
- What ABB India’s performance in June quarter says about capex growth
- Bajaj Finance does well in Q1 even as competition hots up
- Kotak Mahindra Bank: The perils of being priced to perfection
- Higher cane price crushes hopes of sugar mills
- Market optimism before 2019 general election: History may not repeat itself