Oct.25 (GMM) Bernie Ecclestone could be sued at the conclusion of former F1 banker Gerhard Gribkowsky's corruption trial. The trial, surrounding a multi million payment from the F1 chief executive to Gribkowsky amid the sport's sale some years ago, began this week in Munich.According to a British newspaper report, prosecutors say that if Gribkowsky is found guilty, the $44 million must be paid to BayernLB because the Munich bank owned the relevant share in F1's commercial rights.But as Ecclestone and his family trust have only been called as witnesses, the prosecutors would "have to sue Mr Ecclestone and the trust to recover the ... shortfall suffered by BayernLB", the Independent said.But "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", wrote journalists Christian Sylt and Caroline Reid.
F1 News
F1
Schedule F1 Line-up
Constructors' Championship
Drivers' Championship
F1 Tickets Live F1 Coverage
Full Version: Formula 1 News
Formula 1
Schedule Formula 1 Line-up Constructors' Championship Drivers' Championship Live F1 Coverage
10 'n' Pole F1 Regulations The Forums Motorsport Shop
F1 Merchandise F1 Tickets F1 Diecast
F1 Videos
F1 Games
Back To Top |