Wednesday, July 17, 2013

Formula 1 boss Ecclestone indicted on bribery charge by German prosecutors

German 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.

Mr Ecclestone denies bribing Gribkowsky, and says the money was intended to stop the banker from exposing him to a UK tax inquiry.


Speaking to the Financial Times on Wednesday, Mr Ecclestone said: "I have just spoken to my lawyers and they have received an indictment. It's being translated into English."

Read more about it at: BBC
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