The LCR Honda MotoGP team is 'studying the situation' regarding title sponsor CWM.

The London-based Forex trading company was recently raided by the police over fraud allegations, with 13 people arrested.

Speaking in Qatar on Thursday afternoon, team principal Lucio Cecchinelli told Crash.net that they have a contract in place with CWM and - unless told otherwise - will operate as normal this weekend. That includes keeping the CWM logos.

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But LCR are continuing to study the situation and will seek to meet with CWM to determine what impact the police investigation will have on the MotoGP sponsorship.

Cal Crutchlow and Jack Miller will race for LCR this season, the team having expanded its rider line-up due to the new CWM deal. Crutchlow is on a factory class RC213V and rookie Miller an Open class machine.

CWM has denied the allegations, stating that they: "Have been the victim of an orchestrated campaign initiated by individuals motivated by personal animosity... CWM have made an offer to the City of London Police to ring fence funds, additional to those invested, to underwrite investors' protection and allay any genuine concerns."

Earlier today the Aspar team announced that it has lost its MotoGP title sponsor, Drive M7.

Free practice for the Qatar season opener takes place at the Losail circuit this evening.