©WRI
A storm may be brewing for Formula 1 and the Italian Grand Prix following reports out of Italy alleging that prosecutors have uncovered a sophisticated money laundering scheme linked to the sport.
According to La Repubblica, an investigation initiated by authorities back in 2012 has concluded that tax evasion and a system of false invoices evolving around driver sponsorship contracts was set up by a network of Italian GP insiders.
The report added that 82 people are currently under investigation and could be indicted. La Republicca also reported that former F1 supremo Bernie Ecclestone has been questioned over the matter.
More troubling, Italian prosecutors conducting the investigation fear the complicated "shadow" system they believe they have uncovered may have been replicated by other European countries hosting an F1 Grand Prix.
Gallery: The beautiful wives and girlfriends of F1 drivers
Keep up to date with all the F1 news via Facebook and Twitter
The Spanish Grand Prix’s future home is still surrounded by construction barriers, deadlines and heavy…
Helmut Marko has revealed that Max Verstappen’s in-season promotion from Toro Rosso to Red Bull…
On this day in 1999 in Monaco, a dominant Michael Schumacher secured his 35th career…
Sometimes at the Indianapolis Motor Speedway, speed doesn’t build gradually – it arrives like it…
Nearly two decades after its last high-speed venture in Formula 1, American computing giant Intel…
Max Verstappen’s Nürburgring 24 Hours debut is already delivering the kind of storyline only he…