Maldonado future F1 unsure as motorsports funding scandal erupts in Venezuela

Venezuelan officials have frozen all disbursements of hard currency to automobile and motorcycle racers who compete abroad as they investigate a corruption scandal, which may impact the future of Pastor Maldonado in Formula 1.

Justice Minister Miguel Rodriguez told reporters that some motorsports athletes have obtained hard currency for “activities that were either fictitious or overpriced.”

Because Venezuela’s bolivar currency does not trade on global markets, Venezuelan businesses and individuals depend upon the state agency called click here for more