News Details

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...
Full Story »
3y ago from Pitpass.com 0
Share

You May Also Be Interested In...

Gribkowsky to testify in Ecclestone bribery trial on...

Bernie Ecclestone with Gerhard Gribkowsky Drama in Bernie Ecclestone's...
3y ago from GrandPrix247.com

Jailed German banker tells of clash of interests with...

Gerhard Gribkowsky with Bernie Ecclestone and his daughters Petra and...
3y ago from GrandPrix247.com

Gribkowsky reveals several bribe offers

Convicted German banker Gerhard Gribkowsky, a key witness in the...
3y ago from PlanetF1.com

German Banker Testifies in Bernie Ecclestone Bribery...

Berlin, Germany:  A German banker who alleges he was bribed by...
3y ago from NDTVSports.com

Elsewhere On The Network

Popular On MGPToday.com

Is Ecstar Suzuki’s 2017 MotoGP nightmare over?

A brace of top-five finishes at Motegi's MotoGP round gave Suzuki some...
12h ago from BikeSportNews.com

Rossi and Vinales admit defeat and turn attentions to...

With the 2017 MotoGP title out of reach, Rossi and Vinales are now looking...
2d ago from BikeSportNews.com

MotoGP reduces pre-season testing for 2019

– MotoGP officials have outlined the regulations over testing, with...
10h ago from GPUpdate.net

MotoGP Motegi: Dovizoso wins last-lap thriller

Dovizoso snatches MotoGP victory from Marquez on the last lap of a wet...
3d ago from BikeSportNews.com

Popular On IndyCarToday.com

VIDEO: Robin Miller with Takuma Sato

RACER's Robin Miller visits with Indy 500 winner Takuma Sato during the...
2h ago from Racer.com

The simulator will be my new best friend,' says Wickens

Somewhere amid IndyCar's thoroughly restrictive testing limitations,...
2h ago from Racer.com

'He's just a happy man,' says Sato of Borg Warner...

Takuma Sato was a vision of joy during this week's unveiling of his...
2h ago from Racer.com

SPM confirms multi-year Hinchcliffe deal

– Schmidt Peterson Motorsports has confirmed that James Hinchcliffe...
9h ago from GPUpdate.net

Popular On TotalWRC.com

Wilson's Tänak tribute

M-Sport boss says goodbye 'with a heavy heart'
6h ago from WRC.com

Ott Tanak joins Toyota for 2018 WRC campaign

Ott Tanak will switch from M-Sport to Toyota for 2018, completing the...
13h ago from MotorsportWeek.c...

Tänak joins Toyota

Tänak joins Toyota Ott Tänak will join Toyota Gazoo Racing next season....
15h ago from WRC.com

Wales Rally GB saved my life

Spectator thanks event medical teams for life-saving treatment in 2016
1d ago from WRC.com

Popular On GunnersToday.com

Wenger on Belgrade, Stojkovic, Debuchy

We will face Red Star Belgrade for the first time since the 1978/79...
2h ago from Arsenal.com

Real Madrid receive bid from Arsenal for Karim...

Arsenal have repeatedly been linked with a move for Real Madrid striker...
3h ago from Express.co.uk

The top 30 Premier League players you need to know...

At last FIFA 18 has arrived on our shelves, and that can only mean one...

Arsenal full-back to end 11-month squad freeze-out and...

Arsenal travel to Serbia to take on Red Star Belgrade in the Europa...
1h ago from CaughtOffside.com

Comments

Hottest News

Threat to end motorsport in the EU

A ruling by the European Court could mean the end... Read More »
5h ago from Pitpass.com

Ferrari risks "chaos" with big technical overhaul

The last three races have been a disaster for... Read More »
6h ago from Motorsport.com

Recent News

2014 GPToday.com
GPToday.com is not responsible for the news headlines and associated descriptions and images it indexes, the content of externally linked sites or the comments & postings of its users.

This website is unofficial and is not associated in any way with the Formula One group of companies. F1, FORMULA ONE, FORMULA 1, FIA FORMULA ONE WORLD CHAMPIONSHIP, GRAND PRIX and related marks are trade marks of Formula One Licensing B.V.