Bernie Ecclestone Indicted in F1 Commercial Rights Sale Bribery Case
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Back then, Ecclestone allegedlyoffered $44 million (EUR35 million) to German banker Gerhard Gribkowsky, who was working for BayernLB, in order to convince the latter to sell the bank’s 48 percent of the commercial rights to the British investment fund CVC Partners.
Gribkowsky was sentenced to eight years and a half in July last year for corruption, trust abuse and tax evasion. Ecclestone admited that he had payed the banker, but claimed he did so because he was blackmailed.
In December 2012, Ecclestone said that he would probably be forced to leave his F1 position should the case go any further.
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