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Old 21 Feb 2018, 17:10 (Ref:3802965)   #168
Mike Harte
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Join Date: Oct 2011
United Kingdom
W. Yorkshire
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Force India has been on the market for some considerable time, but I think that any potential buyer who conducts in depth due diligence investigations may be rather cautious about concluding a purchase because of fears about it's funding in the past.

One has to bear in mind that one of the owners (Sahara) is languishing in an Indian prison because he cannot raise the money required to fund his bond. Meanwhile, Mallya is holed up in luxury in the UK and is fighting extradition proceedings for his return to India to also face corruption charges over his failed airline and other business interests.

It is alleged that both men have funded Force India by monies diverted from companies that that were either failing or were in need of rescuing. If that is the case, any purchaser may find that the asset that they bought being snatched out of their hands by the Indian authorities to compensate those alleged to have been defrauded in India.
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