Police continue to investigate the case of a speeding Ferrari which was caught on cam as it hit the streets of Beverly Hills while trying to race against a white Porsche.

A complaint over the incident was subsequently filed at the Qatari consulate through the U.S. State Department. So far, no charges were brought just yet since investigators are still unclear on the identity of the person behind the wheels.

At a news conference, the police discussed the incident and identified the owner of the over speeding Ferrari as Khalid bin Hamad Al Thani, a sheik from the Middle Eastern country of Qatar. Al Thani is known to be fascinated with fast cars and that he owns a champion drag-racing team. He is also reportedly a member of the ruling family in Qatar.

Authorities say that Al Thani has already left the country and has taken with him the sports car, a bright yellow 12-cylinder LaFerrari which has an estimated cost of $1.4 million.

In a video taken by some residents, the Ferrari was shown as racing along with a white Porsche while they ignore the stop signs placed along the narrow streets. At the latter part of the video, the Ferrari appeared as pulling into a driveway with some smoke coming out of the engine.

However, the video didn't clearly show the face of the person driving the Ferrari nor that time when the driver came out after pulling into the driveway.

"Since it was a misdemeanor and BHPD was not present, we need a witness to come forward and make a citizen's arrest or give us more definitive video evidence," said sergeant Max Subin of Beverly Hills Police Department.

He added that one purpose for the calling of a press conference on Sept. 17 by BHPD Chief Dominick Rivetti was to seek for more help from the public about the matter.

"More individuals have come forward since that time to share video of the incident," said Subin.

Reports say that on the time of the incident, the police were unable to make an arrest or give a citation since they were not able to witness what actually happened. The video footage had attracted further attention when the police reported that someone involved in the incident claimed to have diplomatic immunity.

"What I do know is you can't claim diplomatic immunity if you don't have it, and you can't use that as an excuse to jeopardize the public or commit crimes," said BHPD Chief Dominick Rivetti.

In addition to confirming the identity of the person involved, the police are also interested to learn the whereabouts of the million-dollar worth Ferrari.

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