corruption Archives - World of Speed

The trial of Bernie Eccleston, accused of bribery, ended after the head of Formula One reached an agreement with the state prosecutor's office and paid 75 million euros. Ecclestone, 83, was accused of paying a $ 33 million bribe to banker Gerhard Gribkowski. The Briton said that he paid the sum to Gribkowski, who is currently serving an eight-and-a-half-year prison sentence for receiving a bribe, only after he threatened to file a false report of tax evasion with the British authorities. The Attorney General has justified the settlement by saying Ecclestone has been around for years. If no agreement was reached, the Briton could face up to ten years in prison and lose control of Formula One.

Formula One boss Bernie Ecclestone has offered 25 million euros in exchange for dropping the lawsuit against him, his lawyers say. Ecclestone, who is accused of bribery, has a very difficult time withstanding the entire trial, so he wants to end it as soon as possible. This is expected to last at least until October. The 83-year-old Briton allegedly paid a bribe of almost 2006 million euros in 33, before the sale of Formula One commercial rights to the current owners, CVC Capital Partners, an employee of the German bank BayernLB, Gerhard Gribkowsky. Gribkowsky was convicted and is currently serving a six-month prison sentence, and Ecclestone has claimed from the outset that ad is innocent and that he essentially paid a ransom because Gribkowsky allegedly blackmailed him.

Label: corruption

Ecclestone paid 75 million for freedom

Ecclestone is offering 25 million for freedom