Contrary to the latest media speculation, German prosecutors have not yet decided to charge Bernie Ecclestone with bribery.
The German news magazine Focus had claimed the Munich public office had, after a long investigation, finally made the decision to pursue the F1 chief executive officially. Read more... (129 words, estimated 31 secs reading time)
Jailed Gerhard Gribkowsky may not have made headlines for some time, but the F1 corruption scandal is still making trouble for Bernie Ecclestone.
The Suddeutsche newspaper reports that German bank and former F1 shareholder BayernLB is looking into whether it can recover millions from the sport’s chief executive. The push for damages could follow Gribkowsky’s claim that Ecclestone only received millions in the form of a BayernLB commission as the direct result of bribery. Read more... (127 words, estimated 30 secs reading time)
Bernie Ecclestone has denied skipping last weekend’s German grand prix because he was afraid of being arrested.
The F1 chief executive’s familiar black motor home was in the Hockenheim paddock all weekend, but the 81-year-old Briton did not show, amid rumours he might have been swept into custody by German police amid the Gerhard Gribkowsky corruption affair. Ecclestone denies he feared jail. Read more... (232 words, estimated 56 secs reading time)
Convicted former F1 banker Gerhard Gribkowsky has lodged an appeal against the Munich court’s ruling, according to media reports.
The 54-year-old German was sentenced to eight and a half years in jail for receiving millions in bribes from Bernie Ecclestone, raising the prospect that F1′s high-profile chief executive could also be pursued. But Gribkowsky’s lawyer told Bloomberg news agency on Wednesday that they are appealing, and may also seek his release from custody on bail. Read more... (103 words, estimated 25 secs reading time)
Bernie Ecclestone has issued his strongest defence yet amid continuing suggestions the Gerhard Gribkowsky bribery affair could also claim the F1 supremo’s scalp.
81-year-old F1 chief executive Ecclestone said in no uncertain terms that the convicted former banker’s bribery claims are “wrong”. Read more... (181 words, estimated 43 secs reading time)
Gerhard Gribkowsky was on Wednesday sentenced to jail by a Munich court.
The guilty verdict could have serious implications for F1 chief executive Bernie Ecclestone, who admits to paying millions to the former BayernLB banker.
Gribkowsky was sentenced to eight and a half years in jail for crimes including bribery, for the $44 million received from Ecclestone. Read more... (83 words, estimated 20 secs reading time)
German prosecutors on Wednesday appeared likely to press ahead with a corruption case against Bernie Ecclestone.
Until now, the F1 chief executive has been implicated in the Gerhard Gribkowsky scandal but only as the subject of an investigation into the money he paid to the jailed banker. Ecclestone, 81, has also appeared as a witness in the trial to give evidence protected by immunity, but on Wednesday it sounded likely he will be separately charged and pursued by the Munich prosecutors. Read more... (164 words, estimated 39 secs reading time)
F1′s bribery scandal could cost the sport the involvement of German carmaker Mercedes.
Mercedes, with its own Brackley based works team and also a major engine supplier, is watching the Gerhard Gribkowsky affair with particular attention, according to the business newspaper Handelsblatt. The report said the affair, and particularly the implication of F1′s chief executive Bernie Ecclestone, would have “serious consequences” with regards to Mercedes’ involvement in the sport. Read more... (197 words, estimated 47 secs reading time)
The reinvigorated F1 bribery affair has raised questions not only about the viability of the sport’s planned floatation, but about whether Bernie Ecclestone will lose his job or even face jail in Germany. Read more... (266 words, estimated 1:04 mins reading time)
Bernie Ecclestone has hit back after German banker Gerhard Gribkowsky this week sensationally admitted he received millions in bribes from the F1 chief executive.
Gribkowsky recalled the diminutive Briton telling him that, “In Formula One, the practice is you scratch my back and I’ll scratch yours”. Read more... (240 words, estimated 58 secs reading time)