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Ecclestone regrets paying $44m to jailed banker
Bernie Ecclestone has revealed that he regrets making a $44m payment, which German prosecutors believe was a bribe, according to an article in the Express by Christian Sylt.The payment was made by Ecclestone and his family's Bambino trust to Gerhard Gribkowsky, former chief risk officer at German bank BayernLB. Gribkowsky was responsible for selling BayernLB's 47.2% stake in F1 in 2006 and German prosecutors believe he was bribed to sell to the private equity firm CVC as it had agreed to retain Ecclestone as the sport's chief executive.In 2012 Gribkowsky was sentenced to eight and a half years in prison in Munich for receiving the alleged bribe and next month Ecclestone is due to be put on...
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11y ago from Pitpass.com
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