Oliver Oakes resigned as staff principal on Tuesday night time simply days after his brother was arrested, it has been revealed.
William Oakes, a fellow director at junior staff Hitech Grand Prix, was arrested in Silverstone Park final Thursday and charged with “transferring legal property” a day later. Police state the 31-year-old was in “possession of a considerable amount of money.”
Commercial
The police assertion provides that he has been remanded in custody, having appeared earlier than Northampton Magistrates Courtroom on Saturday.
Oliver Oakes, who is just not accused of any wrongdoing or hyperlinks to the arrest of William Oakes, joined Alpine from Hitech final summer time. He – in the future earlier than the staff , with dropped for .
The report in particulars that ex-Alpine boss Oakes flew to Dubai from the Miami Grand Prix final weekend, however his present whereabouts are unknown.
A press release from the Metropolitan Police learn: “William Oakes, 31, of Rugby was charged with transferring legal property on Friday, Might 2 after he was stopped within the Silverstone Park space in Northamptonshire on Thursday, Might 1, 2025 in possession of a considerable amount of money.
Commercial
“He appeared earlier than Northampton Magistrates’ Courtroom on Saturday, Might 3, and remanded in custody.”
The Impartial has approached Hitech Grand Prix for additional remark.
In 2022, Hitech Grand Prix was 75 per cent owned by Russian oligarch Dmitry Mazepin, who has shut ties to Russian president Vladimir Putin. Mazepin initially purchased a stake in 2016 when his son, Nikita, joined the staff to compete in System 3.
Oliver Oakes took full possession of the staff 9 days earlier than Russia’s invasion of Ukraine in February 2022, forming a brand new firm – Hitech World Holdings Ltd – on 11 March 2022 to take management of shares from Mazepin’s Cyprus-based firm Bergton Administration Ltd.
Commercial
Hitech World Holdings Ltd was shaped three days after the Mazepins had been sanctioned by each the UK authorities and the European Union.
Oliver Oakes (proper) resigned as Alpine staff principal on Tuesday night time with Flavio Briatore (left) taking up all his duties (Getty Pictures)
, who was a Haas F1 driver on the time of the invasion, was sacked by the staff earlier than the beginning of the 2022 season. Haas additionally ditched their Mazepin-owned title sponsor, Uralkali.
Nikita Mazepin has since been cleared to return to aggressive racing after a ban was overturned by the Courtroom of Justice of the European Union.
In the meantime, an assumed disagreement between Oakes and Alpine govt adviser over the driving force swap was denied, in a joint assertion on Wednesday.
Commercial
A press release attributed to Oakes learn: “It’s been a privilege to steer everybody at Enstone, what a staff, what a spot.
“It’s a private resolution for me to step down. Flavio has been like a father to me, nothing however supportive since I took the function, in addition to giving me the chance. Everyone seems to be in place for 2026 and the place this dream deserves to be.
“I consider in Enstone.”
Briatore added: “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 subsequently accepted his resignation. The explanations are usually not associated to the staff and are of a private nature.”
