William Oakes, the brother of former Alpine staff boss Oliver Oakes and a director at Hitech Grand Prix, was arrested final week and charged with transferring felony property.
The 37-year-old was arrested on Thursday (Could 2) within the Silverstone Park space of Northamptonshire within the UK, experiences the Telegraph. He was subsequently charged with transferring felony property by the Metropolitan Police.
William Oakes was reportedly stopped with “a considerable amount of money” in his possession, a spokesperson for the Metropolitan Police advised the Telegraph. After his arrest, he appeared earlier than Northampton Magistrates’ Court docket on Saturday (Could 3) and was remanded in custody.
Lower than every week after his brother was arrested, Oliver Oakes resigned as staff principal of the Alpine Formulation 1 staff. Following his resignation, govt director on the staff, Flavio Briatore, tried to disclaim rumours of a rift on the French facet.
“Lots has been stated prior to now 24 hours incorrectly associating the choice of Oli resigning to an alleged disagreement, or that we shared totally different views. That is fully false and much from the reality,” Briatore stated in a joint Instagram submit with Alpine.
“Me and Oli have an excellent relationship and had long-term ambitions to drive this staff ahead collectively. We respect Oli’s request to resign and have due to this fact accepted his resignation. The explanations are usually not associated to the staff and are of a private nature.”
Learn Additionally:
William Oakes personal racing credentials relate to his possession of the Hitech Grand Prix F2 staff.
The Briton took over as a director of the staff in 2022, after forming a brand new firm that acquired a controlling stake within the facet from the daddy of ex-f1 racer Nikita Mazepin, Dmitry Mazepin. The takeover of Dmitry Mazepin’s shares within the single-seater staff got here simply three days after the Russian, who has shut ties to Vladimir Putin, was sanctioned by the UK authorities over Russia’s invasion of Ukraine.
Alpine has not commented on William Oakes’ arrest because it doesn’t relate to the Formulation 1 staff.
On this article
Owen Bellwood
Formulation 1
Alpine
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