Got caught speeding? Were you “racing”? What will happen?
If you are caught speeding you will face a fine, and in certain circumstances face imprisonment. Depending on the speed you are caught driving, you could lose your license or you may be cautioned, but this is up to the police officer and your previous driving history.
If the police consider that you were street racing then they can confiscate your number plates or impound the vehicle, even if it is not yours. If you are a repeat offender the police can retain your vehicle permanently without compensation to you.