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Bernie E. facing bribe charges

2013-05-15 09:01

BERNIE'S MISTAKES CATCH UP WITH HIM: Bernie Ecclestone denies any wrongdoing as charges of bribery are laid against him.

BERLN, Germany - Formula 1 boss Bernie Ecclestone is facing charges in Germany relating to bribery, the daily Sueddeutsche Zeitung has reported.

According to the paper, the charge sheet has yet to be translated into English before being transmitted to Ecclestone and his lawyers.

In 2012, Ecclestone said he was prepared to co-operate with public prosecutors in Germany to avoid prosecution.


A German court sentenced the former chief risk officer for state-owned bank BayernLB to eight-and-a-half years in prison for receiving tens of millions of euros in bribes from him.

The Munich regional court found Gerhard Gribkowsky guilty of taking R405-million in bribes and failing to pay tax on the money.

Gribkowsky admitted receiving the money from Ecclestone in 2006 and 2007 in connection with the sale of Formula 1 rights to CVC, the private equity investor which owns most of the sport.

In 2002, BayernLB acquired the rights to Formula 1.

Ecclestone, who denies wrongdoing in the case, said in testimony in 2012 year that he paid Gribkowsky because the German had threatened to blackmail him.


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