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Gribkowsky testimony calls into question bribery charges against Ecclestone
Former banker Gerhard Gribkowsky gave testimony to a German court on Friday which calls into question the bribery charges against Bernie Ecclestone.Formula One's boss has been accused of paying part of a £26m ($44m) bribe to Gribkowsky in return for him agreeing to steer the sale of a 47.2% stake in the sport to its current owner the private equity firm CVC. Gribkowsky was in charge of selling the stake which was owned by German bank BayernLB and was sold to CVC in 2006.Over the following two years Gribkowsky received the £26m payment from Ecclestone and his Bambino family trust but the banker did not disclose it to BayernLB. German prosecutors believe that Ecclestone wanted...
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9y ago from Pitpass.com
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