adminGERMAN prosecutors have indicted Formula 1 motor racing boss Bernie Ecclestone on a bribery charge. The charge relates to a $44m (£29m) payment to German banker Gerhard Gribkowsky of Bayern Landesbank, linked to the sale of a stake in F1. Ecclestone denies bribing Gribkowsky, and says the money was intended to stop the banker from exposing him to a UK tax inquiry.
Gribkowsky was sentenced to eight-and-a-half years in jail in Munich.
Speaking to the Financial Times yesterday, Ecclestone said:
“I have just spoken to my lawyers and they have received an indictment. It’s being translated into English.”
Asked how he responded to the indictment, he said: “We are defending it properly. It will be an interesting case. It’s a pity it’s happened.”-BBC.
Online Reporter