New developments in that high speed race on a quiet street in Beverly Hills. The cars with foreign plates ignoring stop signs and the pedestrians who were nearby. Tonight the owner of at least one of those cars, a prince from the Middle East. And while no one has been charged. Here is ABC’s Nick Watt. A 1.3 million dollar Ferrari racing on a leafy Beverly Hills street, cops suspect a Qatari prince maybe at the wheel. A Porsche in hot pursuit blowing through stop signs. The car is parked at this house for a man lashed out this local reporter. He said that I didn’t know who I was missing with, and that he could kill me and get away with it. The cops say the Sheik who owns a drag racing team is connected with the yellow Ferrari. A man claiming to own the car told officers he has diplomatic immunity. Our research indicates that it is on the likely that the driver had diplomatic immunity.