Connect with us

Caterham F1

Caterham F1 collapse probes taking place



Caterham F1 collapse probes taking place

Caterham F1 collapse probes taking place

Investigations into the collapse and attempted revival of Caterham in late 2014 are underway.

After founder Tony Fernandes decided to withdraw from F1, the green-coloured backmarker was almost rescued when a mysterious group called Engavest emerged as a buyer.

The group was advised by Colin Kolles but – curiously – it was a factory cleaner by the name of Constantin Cojocar, also a former Romanian football player, who was appointed the sole director and shareholder.

Britain’s Times newspaper now claims investigations into the collapse by UK as well as Romanian authorities are taking place.

“Government authorities who have initiated investigation know that I was there and I might have problems,” Cojocar said, as he prepared to fly from Romania to London for an interview.

“I have no financial income, only money from my wife, but we are in arrears to the bank for the house we live in and we risk losing this home.

“Because (of the) stress with bank credit, with Caterham and with the Romania investigation and investigation in England now, my diabetes has worsened,” he added.


Click to comment

2018 F1 Launch

F1 Testing Updates

Most Popular is not affiliated with Formula 1, Formula One Management, Formula One Administration, Formula One Licensing BV, Formula One World Championship Ltd or any other organization or entity associated with the official Formula One governing organizations or their shareholders. Copyrighted material used under Fair Use/Fair Comment. All Rights Reserved © 2017 Prime Sport Media