Bernie Ecclestone, the elderly head of Formula One, has been indicted by German courts on charges of bribery. This follows reports that had the UK citizen in trouble over payments to Gerhard Gribkowsky, a former German banker with Bayern Landesbank. Gribkowsky, who will be resting comfortably in a Munich prison for the next eight-and-a-half years, naturally has a story that conflicts with Ecclestone's. According to the German, who oversaw the sale of F1 from Bayern Landesbank in 2006, Ecclestone paid him to undervalue F1's shares while it was sold to CVC Capital Partners.
Autoblog , F1 Supremo Ecclestone indicted on bribery charges, F1 Supremo Ecclestone indicted on bribery charges
No comments:
Post a Comment