Monday, June 25, 2012

Ecclestone may face 10-year sentence over F1 bribery charges

Ecclestone may face 10-year sentence over F1 bribery charges

Formula One CEO Bernie Ecclestone should expect Germany to file charges against the executive over his alleged bribery of former banker Gerhard Gribkowsky. That's according to Autoweek, which notes Gribkowsky oversaw the sale of BayernLB's stake in the racing series back in 2006 to CVC Capital Partners, which now holds F1's controlling interest. According to the report, Gribkowsky has testified that he received $44 million in payments from Ecclestone while he was deputy chief of Bayern Landesbank.

Autoblog , Ecclestone may face 10-year sentence over F1 bribery charges, Ecclestone may face 10-year sentence over F1 bribery charges

No comments:

Post a Comment