The head of the Force India Vijay Malia was dismissed from his post as non-Executive Director of the company United Breweries Ltd on the disposal of the bodies regulating the trade of the country, as it became known on the stock exchange late on Wednesday evening.
The UB Group announced that the securities and exchange Board of India has banned Maglie to occupy key management posts in any officially registered company.
Because of the debt to banks in the amount of one billion dollars Vijay was forced into hiding in the UK last March.
Malia repeatedly failed to appear at meetings of the Directorate for combating financial crime, suspecting him of misusing borrowed from state funds.
In January, the Indian court ordered the consortium of banks to begin the process of collecting one billion dollars from Malia, which, however, does not intend to return home in this situation.
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