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CEO of sponsor Max Verstappen arrested for money laundering / F1[F1-Gate.com]

Max Verstappen’s manager, Raymond Vermeulen, has said “care must be taken” in last week’s arrest of the CEO of Jumbo, the Red Bull driver’s long-time personal sponsor, for money laundering.

Fritz van Jeert, the chief executive of the Dutch supermarket chain, said last Tuesday that his home and several other locations were part of an investigation carried out by the country’s financial and tax crime service and its public prosecutor’s office who was arrested on suspicion of money money laundering and tax evasion after being raided by the Dutch police.

A personal friend of Max Verstappen’s family and the racer who competed in the WEC and historic F1 races, Fritz van Jeert has been accused of fraudulent transactions in real estate and automobiles, unexplained cash deposits and alleged involvement with a sponsorship deal.

However, Max Verstappen’s sponsor Jumbo is not believed to be involved in any questionable money laundering schemes.

“You have to be careful here,” Raymond Vermeulen told Algemeen Dagblad.

“We are waiting for the facts to come out. We are in communication with Jumbo and management and marketing are continuing as usual.”

Raymond Vermeulen says he and Verstappen’s camp are taking a wait-and-see approach until there is more clarity.

“We have a contract with Jumbo and supermarkets do not come under the investigation. That is clearly stated,” said Vermeulen.

“Watch for all kinds of signs and wait for the facts to come out.”

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Category: F1 / Max Verstappen / red bull / F1 sponsor