The prosecution will investigate as soon as all documents have been received and recorded, a spokesperson for the public prosecutor’s office in Stendal, situated in north-eastern Germany, said on Monday.

This could happen in the next week. The investigation has so far been handled by local police.

The driver, real estate magnate Radim Passer, is accused of conducting a prohibited motor vehicle race.

Under German law, driving at such speeds is punishable even if, as in this case, it was a so-called solo race, provided the driver was travelling “at an inappropriate speed and in a grossly irregular and reckless manner in order to achieve the highest possible speed.”

If found guilty, Passer faces imprisonment of up to two years or a fine.

He is said to have posted a video of the stunt online at the beginning of the year. The footage shows the speedometer of a Bugatti Chiron sports car reach 417 km/h as it hurtles down the A2 motorway, which connects the Ruhr area to Berlin.

There is no speed limit on the section of road shown in the video.

The video, alongside others, is thought to have been recorded in July 2021. It was met with outrage when it appeared online.

The Czech edition of the business magazine Forbes estimates Passer’s fortune at the equivalent of around $A427.79 million.