On the eve of his team's second 'home' race of the F1 2011 campaign in Valencia, Hispania Racing (HRT) majority owner Jos? Ram?n Carabante has reportedly been convicted of fraud but spared jail
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
Reports begin to circulate that the mysterious Qadbak consortium that rescued Sauber in the wake of BMW's F1 withdrawal is not what it seems - and that it is in fact being spearheaded by convicted fraudster Russell King...