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Althea Racing distances itself from fraud allegations
12 October 2011
Althea Racing has moved to assure that it is not involved in an investigation surrounding its namesake Althea Ceramics.
'Ceramica Althea Spa' has reportedly been accused of commercial and social security frauds in a crackdown that is currently sweeping across the ceramics industry in Italy, with allegations stating that the company has imported Chinese brands, but sold them as 'genuine' products for a substantial mark-up.
However, despite the links, Althea Racing team manager Genesio Bevilacqua insists the motorsport division is entirely separate from the ceramics company in question and that any future court rulings will have no impact on the 2011 WSBK championship winning team.
“With regard to news that has been published in the press with relation to Ceramica Althea Spa, it should be noted that the undersigned is not involved in any inquiry and neither has he received any notification of an impending investigation,” said Beviilacqua.
“There is no direct or indirect, present or future involvement of Althea Racing Srl, which is a totally autonomous entity, distinct from Ceramica Althea Spa.
“The management of Ceramica Althea Spa has the utmost faith in the actions of the court. On the completion of any investigation, the court will certainly ascertain the legitimate operations of the Company.”
Althea Racing made its World Superbike debut in 2008, winning the 2011 World Superbike Championship and 2011 FIM Superstock 1000 Championship with Carlos Checa and Davide Giugliano respectively.