The latest story on the Force India novel ...
I do like the irony though!! ... all this new hype of 'money laundering' and the potential new sponsor/owner "Rich Energy".
Who, even more ironically, has been rejected as a bidder because they are not rich (as I understand the rumour mill). There is at least one other bidder that is more serious, but from what I gather it's managed to keep its name completely hidden from the rumour-spreaders thus far.
Don't expect any of these bids to work, for two reasons:
1) Vijay thinks that if he can hold the team for another 2 1/2 years, everything's going to get much easier thanks to a minimum 10% boost to the budget (via scrapping CCB payments) and budget caps making it more difficult for some rivals (not all) to spend so much money.
2) It's not 100% clear if Force India is in the $2 bn securities offered to the Indian courts for repaying Vijay's debts. If it is, then none of these bids will work, because whoever is managing the securities on behalf of what seems like half the bailiffs in India gets that call. In theory, Force India could get nationalised by the nation of that name because most of the major creditors are states or state-run entities within India.
(I've heard the money-laundering charge, but it's about $6 m, and is therefore a drop in the ocean even in relation to the securities already deposited even if proven. I haven't heard enough to comment on whether that one is plausible or not).