A business companion of Russian fertilizer billionaire Dmitry Mazepin, who lost out in the bid for Force India, has told the High Court he understands from beer tycoon Vijay Mallya that a payment has been proposed or agreed by the chairman of the billionaire Aston Martin to assure them. takeover of his Formula 1 team bust.
Lawrence Stroll, who acquired the team in 2018 for £ 90m, renamed it Racing Point and placed his son Lance in one of his drivers seats, on Saturday night denying the allegations saying “these claims are untrue ”.
They were sworn in by a business associate of Russian fertilizer billionaire Dmitry Mazepin, who lost out in the bid for Force India.
He is suing the team’s administrators, two senior figures at FRP Advisory including Geoff Rowley, chief executive, over allegations of negligence and breach of confidence in the sales process. Mr. Mazepin’s son is also a racing driver.
Dr Mallya, chairman of the brewer behind Kingfisher’s lager, is fighting extradition from the UK to India on fraud charges, which he denies. In 2018 as its legal troubles, raised by Force India, hit financial troubles and called in insolvency experts from FRP.
In a written statement, Paul Ostling, senior independent director of Mr Mazepin Uralkali’s fertilizer company, claimed that Dr Mallya had told him that Mr Stroll had agreed to provide him with an “honorary exit” as part of his application.
Mr Ostling told the High Court about a “annoying” Saturday night phone call from Dr Mallya in August 2018 in which he said he had reached a deal with Mr Stroll at a “substantially” higher price than Uralkali had offered.
“I understood that because of the strange way he avoided talking, he concluded that Mr Lawrence Stroll had offered or agreed to provide him with a payment of some kind … he described this, in a verbal manner. , as an ‘honorable exit’. ”