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German bank to join legal pursuit of Ecclestone?
The German bank at the centre of claims that Bernie Ecclestone bribed one of its officials to deliberately undervalue the price of F1 shares is expected to launch its own legal case against the F1 supremo.BayernLB sold its 47 per cent shareholding to private equity giant CVC in 2005, but claims have since emerged that Ecclestone engineered a lower price for the stock in order to ensure that CVC – which had promised to retain him at the head of the sport – went through with the deal.The Briton is accused of having bribed Bayern's chief risk officer Gerhard Gribkowsky to ensure that the share price was undervalued, and therefore more attractive to CVC, but has always denied that that was...
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