Honda website
Honda website

OCTOBER 19, 2006

F1 boss in Shanghai questioned over financial dealings

Yu Zhifei, the Chinese official who has been responsible for the construction of the Shanghai International Circuit and the running of the Chinese Grand Prix has been called in for questioning by the Chinese authorities for alleged "illegal business operations". There is a large scale investigation goling on in Shanghai at the momnent involving a number of city officials. Zhifei is believed to have spent around $350m in setting up the circuit and paying the race fees for F1 in China.