French GP scandal: The embezzlement probe revealed

The cancellation of the French Grand Prix at Paul Ricard, last held in 2022, has escalated into a major scandal, with local authorities launching an investigation into “embezzlement of public funds.”

Le Monde reported that the organization previously managing the Formula 1 event, known as GPF-le Castellet, has been forced into compulsory liquidation amid overwhelming debts amounting to EUR 32 million.

During a discussion with the newspaper, politician Christelle D’Intorni criticized the financial handling by the group, highlighting, “The amounts are exorbitant.” She expressed dismay over the spiraling travel expenses and the discovery of luxury expenditures amounting to massive sums, stating, “What is shocking is that the travel costs go up and up, and we find luxury expenses for colossal sums.”

GMM

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