Despite having hosted a surprisingly successful inaugural race just a fortnight ago, There are suggestions of corruption in the Korean GP organiser ranksmurky allegations have descended on the future of the Korean Grand Prix.

Despite having passed an FIA safety inspection just two weeks’ prior to hosting its maiden race at Yeongyam, state safety inspectors have ruled that the upcoming Formula 3 Superprix event is to be cancelled, and additional allegations of corruption within the organising ranks have also emerged.

According to the Korea Herald, the South Jeolla provincial government is set to launch an investigation into claims that a portion of the circuit’s construction budget was spent without there being any documentation on what it was for.

“Over the next week, we’re going to look through all the documents of KAVO,” said Jung Hwan-dae, the Vice Chairman of the provincial assembly.

“We’re also planning to summon officials from KAVO [the Korean GP organising committee] to investigate how the money was spent. There is something wrong here,” he added, mysteriously.

It is alleged that the undocumented expenditure totals to an amount over $50 million, and there are other claims that construction firms were paid off to avoid fees.

KAVO has denied claims of wrongdoing, but equally won’t disclose where the missing money went…

And as for the cancellation of the Superprix event, state inspectors deemed mobile grandstands unsafe for spectator use, and event organisers have been forced to claim a “force majeure” cancellation of the event slated for late November.

[Original image via Sutton Images]

The following two tabs change content below.

Richard Bailey

Founder & Chief Editor at MotorsportM8
Hasn't missed a Grand Prix since 1989. Has a soft spot for Minardi. Tattooed with 35+ Grand Prix circuits.

Latest posts by Richard Bailey (see all)

Share