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Bribery case could force Ecclestone out

Formula 1 supremo Bernie Ecclestone says he may be forced into retirement if he is charged in a bribary case surrounding the sale of the sport to private equity firm CVC back in 2006. The business magnate is alleged to have paid German banker Gerhard Gribkowsky a sum of around 27 million pounds during the deal. Ecclestone insists that the payment was not a bribe, instead arguing that Gribkowsky had been threatening to give tax information to HM Revenue & Customs. However, since the latter's arrest in 2011, the 82-year-old has also been under investigation. '(CVC) will probably be forced to get rid of me if the Germans come after me,' Ecclestone explained to The Sunday Telegraph....
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13y ago from GPUpdate.net 0
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