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HRT owner convicted of fraud, reports Spanish media

On the eve of his team's second 'home' race of the F1 2011 campaign in Valencia, Hispania Racing (HRT) majority owner José Ramón Carabante has reportedly been convicted of fraud but spared jail
José Ramón Carabante – the majority owner of F1 2011 backmarker Hispania Racing (HRT) – has narrowly avoided a jail term after being convicted of fraud, reports in the Spanish media have revealed.

Sports newspaper Marca claims that Carabante was involved in the sale of land back in the late 1990s, upon which the promised construction of homes never materialised. According to SPEED.com, the 59-year-old Spanish businessman was a director of the land development company, and as such, charged with signing the contracts and looking after the financial aspects. He was sentenced to three months' imprisonment by a court in Cádiz, but for undisclosed reasons, will reportedly not have to serve time.

Carabante's team is preparing this weekend for its second 'home' outing of the season in the European Grand Prix in Valencia, a race that yielded a two-car finish for the Murcia-based outfit last year, albeit down in 18th and 20th positions.

Team principal Colin Kolles has already conceded that the bulk of efforts are 'very soon' to switch to the 2012 car in a bid to steal an early march on HRT's immediate rivals next year [see separate story – click here] – with an aerodynamic programme in Mercedes Grand Prix's spare wind tunnel set to get underway next month – but in the meantime, the acquisition of tenth spot in the 2011 constructors' standings remains a clear goal.

“I always enjoy Valencia,” affirmed the German. “Both the city, with its atmosphere, and the track, which is a street circuit, are very special. Valencia is basically our second home grand prix, which is very important for the team. I hope that the team continues improving and can prolong the positive trend.

“It seems that the car is more competitive on tracks with similar characteristics to Valencia. Traction will be very important here; therefore, we have worked in this direction. We will have some new parts on the car, and hope to further reduce the gap to the teams in front of us.”

In taking the chequered flag in an excellent 13th place last time out in the Canadian Grand Prix in Montreal – ahead of both Virgin Racing entries and Jarno Trulli's Team Lotus – Vitantonio Liuzzi hinted at a genuine step forward for Hispania across the Pond. As the team returns to Europe this weekend, the Italian is palpably fired-up to keep that momentum going.

“The atmosphere of the race in Valencia is fantastic, the crowd is really committed and passionate and the city is beautiful,” he enthused. “It all adds up to one magnificent grand prix! It's always special to race in front of your home crowd and I'm sure it will be a great weekend with a lot of support from our home fans, especially after achieving our best result in Montreal.

“It's a difficult and technical circuit. It's not an easy task to set up the car, and the track is really demanding on the tyres. Overtaking has been difficult previously here, but with the DRS this year it should be much easier. Qualifying will be very important, as always in F1, but with the DRS there will be opportunities to improve on your position.

Related Pictures

Click on relevant pic to enlarge
08.04.2011- Friday Practice 1, Colin Kolles (GER), HRT F1 Team, Team Principal
26.03.2011- Saturday Practice, Colin Kolles (GER), HRT F1 Team, Team Principal
26.05.2011- First Practice Session, Narain Karthikeyan (IND), Hispania Racing F1 Team, HRT
28.05.2011- Saturday Practice, Narain Karthikeyan (IND), Hispania Racing F1 Team, HRT
07.05.2011- Saturday Practice, Vitantonio Liuzzi (ITA), Hispania Racing F1 Team, HRT
20.05.2011- Friday Practice 2, Vitantonio Liuzzi (ITA), Hispania Racing F1 Team, HRT
Friday Practice 1, Jose Ramon Carabante (ESP) Hispania Racing F1 Team, Team Owner
Hispania Racing (HRT) owner Jose Ramon Carabante
Friday Practice 1, Jose Ramon Carabante (ESP) Hispania Racing F1 Team, Team Owner
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