With cases of money laundering looming over Vijay Mallya, the Sahara Force India co-owner has stepped down from his position as Managing Director of the team.
Mallya, however, will continue to remain a shareholder and Team Principal of the Formula 1 team.
Meanwhile, Bob Fearnley will remain in his role as the Deputy Principal. Vijay Mallya, however, has been succeeded by his son Siddharth as the new Force India team Director.
While Siddharth has not been officially part of the F1 team, he has previously served as a director for the IPL team Royal Challengers Bangalore.
Mallya stated that with his own legal issues to take care of, it’s better that the company remains unaffected; while speaking to Motorsport.com.
The businessman has been facing charges of money laundering from Indian banks to the tune of over Rs 9000 crore.