News Details

Ecclestone accused of ‘corrupt bargain’

The opening day of proceedings in the civil action against Bernie Ecclestone and three other defendants accused of bribery in the sale of F1 rights has seen the F1 ringmaster cited for making a 'corrupt bargain' that resulted in Constantin Medien losing millions of dollars.The case, being heard at the High Court in London, is the latest in a series of hearings resulting from the sale of rights to asset management group CVC back in 2006, and has been brought by Constantin Medien which, having had an interest in F1 stakeholder Bayern LB at the time, believes that the undervaluing of the stock – and monies paid to cover it up – saw it denied the price it deserved.The media company is...
Full Story »
11y ago from Crash.net 0
Share

You May Also Be Interested In...

cclestone accused of 'corrupt bargain' in F1 sale

LONDON, Oct 29, 2013 (AFP) - Formula One chief Bernie Ecclestone...
11y ago from F1Plus.com

Court hears ‘a corrupt bargain was made between...

Court hears ‘a corrupt bargain was made between Mr Gribkowsky and...
11y ago from GrandPrix247.com

Swiss authorities open criminal probe against...

Swiss authorities open criminal probe against Ecclestone relating to F1...
11y ago from GrandPrix247.com

Court case against Ecclestone over F1 sale starts

Two days after Sebastian Vettel won his fourth Formula 1 title, the...
11y ago from F1Pulse.com

Elsewhere On The Network

Popular On MGPToday.com

Popular On IndyCarToday.com

Colton Herta leaves IndyCar to pursue F1 with Cadillac...

The Cadillac F1 Team has announced that it has hired IndyCar star Colton...

Rinus VeeKay separates from Dale Coyne Racing

Rinus VeeKay will not race with Dale Coyne Racing next season after...

Popular On TotalWRC.com

Popular On GunnersToday.com

'He is a player who lights up the stadium' -...

Arsenal legend Nigel Winterburn has hailed the Gunners' new signing...
1h ago from SportsKeeda.com

New signing profile: Piero Hincapie

Following some late left-sided departures, Arsenal managed to squeeze in...
2h ago from Arseblog.com

Episode 843 – Injuries

Welcome to another episode of the Arsecast – the Arsenal podcast. In...
9h ago from Arseblog.com

Collymore's column: Mikel Arteta criticism, Isak and...

In his exclusive column for CaughtOffside, former Liverpool striker Stan...
10h ago from CaughtOffside.com

Comments

Hottest News

Daniel Ricciardo sends fans wild as Ford announce...

Daniel Ricciardo has F1 fans all aflutter thanks... Read More »
2h ago from GPFans.com

Sky F1 pundit robbed ahead of Italian GP

A Sky F1 pundit has revealed that she was robbed... Read More »
4h ago from GPFans.com

Max Verstappen gatecrashes Ferrari F1 star's interview

Max Verstappen's impish side came out to play yet... Read More »
1h ago from GPFans.com

Recent News


2014 GPToday.com
GPToday.com is not responsible for the news headlines and associated descriptions and images it indexes, the content of externally linked sites or the comments & postings of its users.

This website is unofficial and is not associated in any way with the Formula One group of companies. F1, FORMULA ONE, FORMULA 1, FIA FORMULA ONE WORLD CHAMPIONSHIP, GRAND PRIX and related marks are trade marks of Formula One Licensing B.V.