Engavest persists and signs

The war is far from over between Caterham Group and Engavest SA. The Swiss company, which now publishes its press releases in its name, and no longer in that of Caterham F1 Team, wanted to comment on Tony Fernandes' latest statements.

“Engavest SA, strongly refutes the allegations made by Tony Fernandes and Caterham Group CEO Graham Macdonald regarding their conduct during the attempted purchase of Caterham F1. Our statement earlier today still stands. Every condition of the sale and purchase agreement that Engavest was committed to was met. Only the seller, which includes Mr. Fernandes, failed to meet its obligations. All salaries have been paid. Engavest sold CSL. She did not name Mr Cojocar (head of Caterham Sports Ltd.) who we believe is a former footballer for Steaua Bucharest in the 1980s. The claims of Mr Fernandes and Mr Macdonald contradict their own press release dated October 03, 2014: “Caterham Group would like to clarify that, following the sale of the F1 company in July, it no longer has any affiliation with Caterham F1 Team. » This sentence alone contains two errors:

1: the date was June 29

2: The Caterham Group shares were not transferred and Mr. Fernandes still exclusively owned Caterham F1 at the time of the declaration, just as he does today.

Other incidents such as a Caterham Group representative viewing a binder containing our private and confidential documents and the continued refusal to meet the outstanding Exim Bank loan and thus complete the agreement resulted in total disdain of Engavest towards Mr. Fernandes and the leaders of the Group with whom we had come into contact in good faith. »

We are now awaiting the next comment from Tony Fernandes and the Caterham group.