Force India slapped euro 1,074,730 fine: Report
New Delhi: Formula One team Force India has
been slapped with a heavy euro 1,074,730 fine by the Queen`s
Bench Division in the High Court of Justice in London over a
fee dispute with Italian company Aerolab.
According to a website GPupdate.net, Force India will
have to pay damages and interest at the rate of eight per cent
to Aerolab, which provided services to the Silverstone-based
"Such an order is the first firm result in the dispute
between the two companies over unpaid fees for services
rendered by Aerolab to Force India," the website reported.
The report said, as a result of the retaliatory action
already taken by Force India, it is expected that Aerolab`s
Director Jean Claude Migeot will soon be charged pursuant to a
criminal complaint filed in Bologna.
It appears that Force India`s strategy will be to try and
force Aerolab into a settlement that the company has no
intention of accepting, it said further.