Mallya: Why should there be even one iota of doubt that I wouldn’t be here? 27 October, 2012 Vijay Mallya arrives in the Buddh paddock Oct.27 (Reuters) Embattled Force India team boss Vijay Mallya made his Indian Grand Prix entrance in combative mood on Saturday, lashing the local media for their coverage of his business troubles and grounded Kingfisher airline. The liquor and aviation tycoon, no longer a billionaire according to the latest Forbes list, flew in from London on his private Airbus after suggestions that he might stay away to avoid having it impounded. “Was there any doubt about my presence here?” he asked Reuters, minutes after walking through the paddock turnstiles with cars roaring around the Buddh circuit as final practice got under way. Mallya’s Kingfisher Airlines had its licence suspended by India’s civil aviation authorities last week and has not flown since the start of October after a protest by employees, unpaid since March, turned violent. The airline has never turned a profit and, according to the consultancy Centre for Asia Pacific Aviation, has total debt estimated at about $2.5 billion. Mallya has not been seen in India for weeks and the airlines troubles, as well as a threat of protests by Kingfisher employees outside the F1 circuit, have led to speculation about whether he would return for the race. “You believe that Indian papers have any credibility?,” said Mallya, bristling when asked about the recent coverage of his affairs. “There is no libel law in India so there is nothing you can do to bring them to book,” he added, accusing his media critics of ‘cooking up sensational headlines daily’ and writing nonsense. “Obviously if I am not at my home grand prix, why should I be anywhere else?” Mallya is an important figure in Formula One, a longtime friend of F1 supremo Bernie Ecclestone and sitting on the governing International Automobile Federation’s world motor sport council. He was also instrumental in bringing the sport to the country and co-owns the only Indian-licensed team. “Why should there be even one iota of doubt that I wouldn’t be here? I just don’t understand it,” he said. “Kingfisher Airlines is a Plc. They (the local media) don’t understand the concept of a Plc. “In a Plc where is one man, who might be the chairman, responsible for the finances of the entire Plc? And what has it got to do with all my other businesses? I have built up and run the largest spirits company in the world in this country.” Asked whether he had flown to India on his plane, Mallya vented more frustration. “You are probably referring to my plane being seized? Wonderful. I don’t owe anybody money,” he said. “Why should my plane be at risk. It’s so stupid.” Mallya also controls United Spirits, which is in talks to sell a stake to UK giant Diageo Plc, and flagship liquor business United Breweries. Asked about the Diageo talks, Mallya said no deal had been done yet: “Whenever we need to say something we will, we keep discussing but we don’t know whether a deal will happen or not,” he added. Subbed by AJN. Related NewsForce India: Delighted to score points in our home raceForce India: The drivers are feeling more confident with the carsForce India: We have fared better than the previous practice sessions in Korea or JapanDi Resta arrives in India unwell and makes way for Calado in FP1Force India preview the Indian Grand Prix at Buddh International CircuitHulkenberg brings joy to Force India on home soilForce India: A fantastic event which we all enjoyed immenselyMallya slams media hostility at home GPForce India: We’ve been struggling to find the sweet spotForce India: We still have some work to do muddles Give the guy a go. He has certainly done wonders with his F1 team and has added colour to the whole circus. Speedo @ muddles. At whose expense? Definitely not his! It would be fun if we all could do it – share holders of all his ventures be damned. Are you forgetting that Nico and Pauli were driving for him without being paid. It would be nice to see Force India bouncing forward unlike his cheques which bounce back and hence the arrest warrant. Oh to own a yacht and get others to pay for it. Aks Very true this guy lives on others money and has so many families cursing him I guess he thinks its a talent to live with others money and earn their curses,I guess he won’t last long AAX @ Aks ..that’s why he calls himself -”The King of Good Times” haha michaelprescott from Maine Sounds to me like this guy could be any politician in the United States.