The Serious Fraud Office is "reviewing material" relating to a payment made by Formula 1's commercial rights holder to the sport's governing body the FIA. MP Damian Collins has asked the body to investigate whether the payment breached bribery laws. The £3.9m payment was made to the FIA for entering into an agreement with the teams and sport's commercial arm. The FIA says the payment was remuneration "for its regulatory role" and denies wrongdoing. Collins, chairman of the Culture, Media and Sport Parliamentary select committee, said he was "very concerned" about why the sport would need to make a payment to its governing body and regulator as part of the...
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