FEBRUARY 4, 2003

Swiss authorities probe Kirch dealings

The Swiss authorities are investigating the collapse of the Kirch empire.

The Swiss authorities are investigating the collapse of the Kirch empire, the former owner of shares in Formula One and have recently gone into the offices of Credit Suisse in Zurich to look for paperwork relating to a mysterious loan which was organized by Kirch to help to pay for the F1 purchase. The German authorities are also keen to unravel the highly-secretive financing of Kirch.