LONDON (AP) — Oliver Oakes' resignation as team principal of F1 team Alpine this week came several days after UK police charged his brother with transferring criminal property.
Metropolitan Police said William Oakes, 31, was charged last Friday after being stopped the day before in the Silverstone Park area “in possession of a large amount of cash.”
Police said he was remanded in custody after an appearance before the Northampton Magistrates’ Court on Saturday. It wasn't clear who his attorney is to seek comment.
Oliver Oakes had joined Alpine from his junior team, Hitech Grand Prix, where William Oakes also was listed as a director.