Formula+1+boss+Ecclestone+indicted+on+bribery+charge
Wednesday, 17 July 2013 - 19:27
Formula 1 boss Ecclestone indicted on bribery charge
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German prosecutors have indicted Formula 1 boss Bernie Ecclestone on a bribery charge.

 

The charge relates to a $44m payment to a German banker, Gerhard Gribkowsky of Bayern Landesbank.

 

It was linked to the sale of a stake in F1.

 

Ecclestone said he had paid Gribkowsky to avoid a UK tax inquiry into the sale of Formula 1 in 2006, but denied the payments were bribes.

 

Gribkowsky was sentenced to eight-and-a-half years in jail in Munich.

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