APRIL 26, 2024

Axed French GP group facing embezzlement probe

The 2022 demise of the French GP at Paul Ricard has now become a full-scale disaster, with local prosecutors opening an investigation into "embezzlement of public funds".

Le Monde newspaper also said the former legal structure of the organisation in charge of the Formula 1 race - public interest group GPF-le Castellet - is already in compulsory liquidation, with debts tallying EUR 32 million.

The amounts are exorbitant, politician Christelle D'Intorni told the newspaper, referring to a multitude of questionable expenses with unknown recipients.

What is shocking is that the travel costs go up and up, and we find luxury expenses for colossal sums, she added.

(GMM)