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Ecclestone was blackmailed to pay £26m say prosecutors

German prosecutors have made the stunning revelation that they believe Bernie Ecclestone was blackmailed by a former banker who received £26m ($44m) from the Formula One boss according to an article in the Daily Mail by Christian Sylt.For the past three years Ecclestone's legal situation has hung over F1 like a dark cloud. In January 2011 former banker Gerhard Gribkowsky was arrested in Germany for receiving £26m from Ecclestone and his family's Bambino trust. The prosecutors soon revealed that they believe the payment was a bribe so that Gribkowsky would steer the sale of F1 in 2005 to Ecclestone's preferred buyer.Two years ago Gribkowsky was convicted for receiving the...
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