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Ex HRT F1 chief executive in tax fraud probe

  • Published on 09 May 2016 11:13
  • comments 0
  • By: Rob Veenstra

The former chief executive of a F1 team is accused of income tax fraud, according to reports in Spain. In 2011, the F1 team HRT or Hispania was sold to a Spanish firm called Thesan Capital, linked to the Japanese financial group Nomura.

Marca, a Spanish sports daily, and El Confidencial say former HRT chief executive Saul Ruiz de Marcos is among those accused of defrauding EUR 3 million in income tax using a web of shell companies. Among the charges are corruption and money laundering, the reports added. (GMM)

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