Date: 2nd October 2014 at 9:02am
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The bailiffs have moved in and seize items from the Caterham factory, as the rumours regarding the financial problems at the team continue.

Ever since Tony Fernandes sold the Formula One team to a Swiss-Middle Eastern consortium in July rumours of financial problems have struck the team.

This week both the bailiffs and the police were at Caterham’s factory in Leafield.

Reports suggest that a 2013 Caterham test car, Caterham car parts due for this weekend’s race in Japan and a simulator were taken and are set to be sold via auction later this month.

However Caterham insist they intend to recover them beforehand.

‘There have been unfounded and unsubstantiated rumours concerning actions against 1MRT, the entrant and owner of CaterhamF1,’ a statement read as quoted by Sky Sports.

‘An action was threatened yesterday against a supplier company to 1MRT. This company is not owned by 1MRT and it has no influence over the entry of CaterhamF1 or the entrant.

‘Also contrary to uncontrolled rumours, all operations are currently in place at Leafield and the race team is doing its preparation in Japan.’