The former CEO of a long-time sponsor of Max Verstappen is off to jail, having been charged with a number of offences.
A court in the Netherlands has sentenced former Jumbo Supermarkets CEO Fritz van Eerd to two years in prison, having been convicted of money laundering, forgery, and acceptance of bribes.
Former Jumbo CEO sentenced to jail
Jumbo Supermarkets was a prominent sponsor of Verstappen for a decade, having thrown its support behind the young Dutch driver back in 2014.
Van Eerd was confirmed as being suspected of money laundering in September 2022. He stepped down from his role as CEO in the wake of this, being replaced by Ton van Veen. Van Eerd has had no involvement with Jumbo Supermarkets since the beginning of the investigation.
In early ’23, Jumbo confirmed it would row