News Details

CVC to monitor Ecclestone bribery case

Formula 1 owners CVC Capital Partners will "continue to monitor developments" after Bernie Ecclestone was officially indicted by German prosecutors on Wednesday. Ecclestone, 82, faces legal action over a payment of $44 million (£29 million) to Gerhard Gribkowsky, who is serving an eight and a half year jail term for corruption. Ecclestone has denied bribing Gribkowsky, and claims that he paid the German banker to prevent a UK tax inquiry into the sale of Formula 1 to CVC back in 2005. "Mr Ecclestone, CEO of Formula One Group has now received a bill of indictment, in English, from the Munich Regional Court," read a statement issued by the company. "Mr Ecclestone has...
Full Story »
12y ago from GPUpdate.net 0
Share

You May Also Be Interested In...

Ecclestone indicted by German prosecutors

German prosecutors have officially indicted Bernie Ecclestone for alleged...
12y ago from GPUpdate.net

CVC to monitor developments in Ecclestone bribery case

CVC to monitor developments in Ecclestone bribery case 18 July, 2013...
12y ago from GrandPrix247.com

Ecclestone indicted in bribery case

Bernie Ecclestone has been formally indicted by prosecutors in Germany...
12y ago from Crash.net

Ecclestone officially charged with bribery in Germany

BERLIN, Berlin, July 17, 2013 (AFP) - Formula One boss Bernie...
12y ago from F1Plus.com

Elsewhere On The Network

Popular On MGPToday.com

Popular On IndyCarToday.com

IndyCar announces independent officiating system

The NTT IndyCar Series announced on Thursday that it will implement a new...
20h ago from MotorsportWeek.c...

Popular On TotalWRC.com

Popular On GunnersToday.com

Sources: PL club eyeing Chelsea transfer target in...

Chelsea are one of the clubs interested in a transfer move for Sporting...
3h ago from CaughtOffside.com

'Really smart signing' – Arsenal praised for...

Arsenal have been praised for their transfer deal for Noni Madueke, who...
4h ago from CaughtOffside.com

'R9 is back' - William Saliba sends message to Arsenal...

Arsenal defender William Saliba dropped a three-word message to express...
4h ago from SportsKeeda.com

Comments

Hottest News

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.