Formula 1 boss Ecclestone indicted on bribery charge

Wednesday, 17 July 2013 - 19:27


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.