Ecclestone Indictment Calls F1 “Bribe” Into Question
New evidence from German prosecutors has called into question whether Bernie Ecclestone paid a bribe to steer the sale of Formula One in 2006 to the private equity firm CVC. Ecclestone is currently on trial for paying the alleged bribe but close inspection of the 256-page indictment against him reveals a key hurdle to the prosecution’s case. Mr Ecclestone admits paying Gerhard Gribkowsky, the former chief risk officer for German bank BayernLB which owned a 47.2% stake in F1′s parent company SLEC.
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