Feature

Swindlers, fraudsters and F1's other dubious characters

Mansoor Ijaz, 2013

Mansoor Ijaz and Quantum Motorsports’ failed F1 venture is still fresh in the F1 padoock's collective memory.

The group's idea - or make-belief plot - was to acquire a 35% stake in Lotus via a consortium that included in a nutshell, "an American hedge fund manager, an Abu Dhabi-based multinational business group and royal family interest of a major oil producing nation".

Ijaz dragged on talks with Lotus owners Gérard Lopez and Eric Lux for months, repeatedly promising funds that never actually reached Enstone.

In January 2014, a fed-up Lopez called an end to the charade and Ijaz's farce. And not a moment too soon.

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Michael Delaney

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