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Bernie's legal woes to continue

2011-10-25 12:29

Bernie Ecclestone could be sued at the conclusion of former Formula 1 banker Gerhard Gribkowsky's corruption trial.

The trial, surrounding a multimillion payment from the F1 chief executive to Gribkowsky during the sport's rights sale some years ago, began in Munich.

'HARD TO SEE'

According to prosecutors, if Gribkowsky is found guilty, the R347-million must be paid to Bayern bank because it owned the relevant share in F1's commercial rights.

According to The Independent, prosecutors would "have to sue Mr Ecclestone and the (his family) trust to recover the shortfall suffered by Bayern."

Journalists Christian Sylt and Caroline Reid wrote: "It is hard see how this could succeed, given that the bank's investigations showed that it agreed to the fee and other board members were aware of it."

GMM