Oliver Oakes resigned as Alpine workforce principal days after his brother was arrested.
William Oakes was charged with “transferring criminal property” after being present in “possession of a large amount of cash” when he was stopped in Silverstone Park on Could 1.
The 31-year-old, of Rugby, Warwickshire, was remanded in custody after showing at Northampton Magistrates’ Court docket on Could 3.
A Metropolitan Police assertion learn: “William Oakes, 31, of Rugby was charged with transferring criminal property on Friday, 2 May after he was stopped in the Silverstone Park area in Northamptonshire on Thursday, 1 May 2025 in possession of a large amount of cash.
“He appeared earlier than Northampton Magistrates’ Court docket on Saturday, 3 Could and was remanded in custody.”
William Oakes is a director at Hitech Grand Prix, the British-based junior workforce based by his brother Oliver Oakes in 2015.
Oliver Oakes, who will not be linked to William Oakes’ arrest and isn’t accused of any wrongdoing, is a former racing driver and received the 2005 karting world title. He stays a director of Hitech GP.
Oliver Oakes turned the workforce right into a powerhouse of the single-seater championships, together with Components 2 and Components 3, earlier than changing Otmar Szafnauer as Alpine workforce principal in August 2024 to turn out to be the youngest workforce boss on the F1 grid.
The 37-year-old oversaw a spectacular double podium for Esteban Ocon and Pierre Gasly on the 2024 Sao Paulo Grand Prix in Brazil however his shock departure got here with rookie driver Jack Doohan changed by Franco Colapinto after solely six races.
Sky Sports activities Information has approached Hitech GP for remark, whereas Alpine F1 declined to remark.
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