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Formula One
Grenada Probes Hamilton Investment Deal
A deal whereby Lewis Hamilton this year invested millions of dollars in Grenada, the home of his paternal grandfather, is under investigation by the Caribbean island's government.
SPEED Staff / GMM  |  Posted October 05, 2008   Grenada
Lewis Hamilton (LAT photo)

A deal whereby Lewis Hamilton this year invested millions of dollars in Grenada, the home of his paternal grandfather, is under investigation by the Caribbean island's government.

It was revealed in July that the McLaren driver was set to invest in a luxury beachside hotel development. The $35 million deal reportedly included secret talks with then prime minister Keith Mitchell about acquiring adjoining lands, and significant tax breaks.But with Tillman Thomas becoming Grenada's new prime minister just a few days after the deal was brokered, it now emerges that the government has ordered an investigation.

The Associated Press reports that the deed to Hamilton's property includes $15 million in lands "free from encumbrances", in exchange for Grenada being able to use the Briton's image to promote the island nation.
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