The Renault F1 team has been handed a two-year suspended ban following today's hearing in front of the FIA's World Motor Sport Council.

Former team boss Flavio Briatore has been banned from Formula One activities including driver management.

The full statement issued by the FIA reads as follows:

At an extraordinary meeting of the World Motor Sport Council held in Paris on 21 September 2009, the ING Renault F1 team ("Renault F1") admitted that the team had conspired with its driver Nelson Piquet Jr. to cause a deliberate crash at the 2008 Singapore Grand Prix, in breach of the International Sporting Code and F1 Sporting Regulations.

Renault F1 stated at the meeting that it had conducted a detailed internal investigation, which found that: (i) Flavio Briatore, Pat Symonds and Nelson Piquet Jr. had conspired to cause the crash; and (ii) no other team member was involved in the conspiracy.

The FIA has conducted its own detailed investigation and its findings correspond with those of Renault F1.

At the meeting of the World Motor Sport Council, Renault F1 made the following points in mitigation:

It had accepted, at the earliest practicable opportunity, that it committed the offences with which it was charged and cooperated fully with the FIA's investigation;

It had confirmed that Mr. Briatore and Mr. Symonds were involved in the conspiracy and ensured that they left the team;

It apologised unreservedly to the FIA and to the sport for the harm caused by its actions;

It committed to paying the costs incurred by the FIA in its investigation;

Renault (the parent company, as opposed to Renault F1) committed to making a significant contribution to FIA safety-related projects.

Nelson Piquet Jr. also apologised unreservedly to the World Motor Sport Council for his part in the conspiracy.

The following decision was taken:

The World Motor Sport Council finds that Renault F1 team members Flavio Briatore, Pat Symonds and Nelson Piquet Jr. conspired to cause a deliberate crash at the 2008 Singapore Grand Prix. The World Motor Sport Council therefore finds Renault F1, which, under article 123 of the International Sporting Code, is responsible for the actions of its employees, in breach of Articles 151(c) and point 2(c) of Chapter IV of Appendix L of the Code, and Articles 3.2, 30.3 and/or 39.1 of the Formula One Sporting Regulations.