Engavest responds to Fernandes' allegations: 'They contradict their own press statement'

The crisis at Caterham continues to spiral out of control, with both sides pointing fingers.

Engavest has issued a statement in response to Tony Fernandes’ claims, who is now back in control of the Caterham F1 Team.

“Engavest SA strongly refutes the allegations of Tony Fernandes and Caterham Group CEO Graham MacDonald regarding its conduct while trying to purchase Caterham F1. Our statement of earlier today still stands.

Incidents such as a Caterham Group rep. forcibly breaking into a filing cabinet containing our private and confidential documents has culminated in Engavest’s total contempt of Mr Fernandes

Engavest

“Every single condition precedent of the Sales and Purchase Agreement for which Engavest was responsible has been met. Only the seller, which includes Mr Fernandes, failed to meet his obligations. All salaries have been paid.

“The claims of Mr Fernandes and Mr MacDonald contradict their own press statement dated 3 October 2014.

“Incidents such as a Caterham Group representative forcibly breaking into a filing cabinet containing our private and confidential documents and the continued refusal to deal with the outstanding loan of Exim Bank and complete the agreement has culminated in Engavest’s total contempt of Mr Fernandes and his Group executives with whom we entered a deal in good faith.”

Engavest SA

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About this article
Series Formula 1
Drivers Kamui Kobayashi , Marcus Ericsson
Teams Caterham F1
Article type Breaking news