Bernie Ecclestone in court
Formula 1 supremo Bernie Ecclestone had a good day in court on Tuesday, as his defence received a boost at the ongoing corruption trial in Munich.
If found guilty of having bribed the jailed former Formula 1 banker Gerhard Gribkowsky, the sport's chief executive will certainly lose his job, and probably also be jailed. But his defence – that Gribkowsky blackmailed him – got a boost on Tuesday.
Central to the prosecution's case is the suggestion that Ecclestone paid Gribkowsky $44 million so that his preferred buyer for Formula 1′s commercial rights, CVC, got the green light.
It is alleged that Ecclestone wanted CVC to buy BayernLB's shares,...
Full Story »