Caterham

Caterham aborted sale under investigation

An investigation has begun on the aborted sale of the Caterham F1 Team in 2014, when there was an attempt to revive the team.

The Caterham F1 Team may have disappeared at the end of the 2014 season, but aborted sale that season has been put under investigation according to The Times newspaper.

Founder and Air Asia Chairman Tony Fernandes was looking to exit from Formula One, with his investment in the team already slowing a group advised by former HRT boss Colin Kolles called Engavest appeared as a possible buyer.

What was strange about the arrangement though was factory cleaner and former Romanian footballer Constantin Cojocar was appointed sole shareholder.

“Government authorities who have initiated investigation know that I was there and I might have problems. 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,” said Cojocar.

About the author

Ashley Quint

Ashley founded the Purple Sector website back in 2012, later renamed to SpeedMajor which now covers both Formula 1 and Formula E. As well as writing on Formula 1, Ashley also works within the world of luxury travel and was a finalist in the Aspire Travel Trade Writer of the Year competition in 2013.

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