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German bank to sue embattled Ecclestone for $400m
Another front has opened up amid Bernie Ecclestone's legal woes, as it emerges the state Munich bank BayernLB plans to sue the embattled F1 chief executive. The 83-year-old Briton is already the subject of criminal proceedings in Germany, while the German media company Constantin pursues him for over $100 million in London's high court. The cases all relate to Ecclestone's alleged paying of a bribe to the now-jailed banker Gerhard Gribkowsky, as the sport's commercial rights were sold to CVC some years ago. BayernLB, having originally held the allegedly undersold shares, is now the latest to file a lawsuit, with the bank confirming to DPA news agency its intention to go to the London high...
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10y ago from GrandPrix.com
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