corruption

The much-vaunted European Grand Prix in Valencia continues to attract unwanted attention nearly three years after its last appearance on the F1 schedule.

German banker Gerhard Gribkowsky has been handed an eight-year jail term for crimes including accepting bribes from F1 ringmaster Bernie Ecclestone.

CVC Capital Partners and the board of F1 holding company Delta Topco have launched their own investigation into the ongoing bribery and corruption scandal surrounding the sale of the sport's commercial rights back in 2006

F1's majority owner CVC Capital Partners has issued a statement to assure that it has 'no knowledge' of the current fraud and corruption scandal involving Gerhard Gribkowsky, the former head of the sport's holding company SLEC

The European Grand Prix could be facing an uncertain future as one of its principal supporters faces a court hearing on allegations of corruption that could include the development of the Valencia harbourside venue.