Share on StockTwits

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.



“Ecclestone Indictment Calls F1 “Bribe” Into Question” is categorized as “business”. This video was licensed from Grab Networks. For additional video content, click the “video” tab at the top of this page.

Get Analysts' Upgrades and Downgrades via Email - Stay on top of analysts' coverage with Analyst Ratings Network's FREE daily email newsletter that provides a concise list of analysts' upgrades and downgrades. Click here to register now.