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German bank rejects Bernie's offer

Bernie Ecclestone's legal woes may not be over after Munich-based bank BayernLB rejected his 25 million euro settlement offer. Last week he avoided the possibility of a jail term in Germany when he paid $100 million for his bribery case to be dropped. The case related to allegations that the Brit had bribed former banker Gerhard Gribkowsky to facilitate the sale of F1 to CVC in 2006. The state prosecutor revealed that Ecclestone's advanced age, 83, as well as other circumstances supported the acceptance of a settlement. However, his troubles may not be over. On Friday, German bank BayernLB, who allege Ecclestone undervalued F1's worth in the sale of its shares to CVC, rejected his offer of...
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6mo ago from PlanetF1.com 0
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