Formula One boss Bernie Ecclestone indicted in bribery case in Germany

  • Article by: ROB HARRIS , AP Sports Writer
  • Updated: July 17, 2013 - 8:20 AM

LONDON — Formula One boss Bernie Ecclestone has been charged by German prosecutors with bribery in connection with the sale of a stake in the global racing series.

Ecclestone has been under investigation since a German banker was convicted of taking an illegal payment from him worth $44 million.

Ecclestone told the Munich state court he felt pressured into paying the cash in 2006 because he was worried that Gerhard Gribkowsky would report him to British tax authorities.

The court said in a statement Wednesday that Ecclestone had been charged with bribery and incitement to breach of trust in connection with Gribkowsky's management of BayernLB's stake in F1. It said the indictment was dated May 10 and has since been translated into English and delivered to Ecclestone and his lawyers.

"The lawyers have accepted an indictment," Ecclestone told The Associated Press. "It means they have to reply to the indictment, which they are strenuously doing."

Ecclestone has yet to read the indictment, which the court said he has until mid-August to respond to.

"They are alleging I bribed someone," Ecclestone said, while insisting he did "nothing illegal."

Gribkowsky was in charge of managing the sale of BayernLB's stake in F1.

Along with taking the money from Ecclestone, Gribkowsky used BayernLB's funds to pay the F1 chief a commission of $41.4 million and agreed to pay a further $25 million to Bambino Trust, a company with which Ecclestone was affiliated, prosecutors maintained during the trial.

Ecclestone told the court he deserved a commission for the sale, saying, "I did a very, very good job."

Gribkowsky, who largely admitted to the charges, was sentenced to 8½ years in prison after being found guilty last year of corruption, tax evasion and breach of trust.

Ecclestone's German lawyers, Sven Thomas and Norbert Scharf, said they will soon submit a "comprehensive response" to the court, and the central issue in that response will be "the varying 'confessions' of Mr. Gribkowsky."

  • get related content delivered to your inbox

  • manage my email subscriptions

ADVERTISEMENT

Cleveland 28 2nd Qtr 9:55
Indiana 24
Washington 25 2nd Qtr
Philadelphia 28
Golden State 6:30 PM
Toronto
New York 6:30 PM
Detroit
Orlando 6:30 PM
Atlanta
Charlotte 6:30 PM
Boston
LA Clippers 7:00 PM
Memphis
Brooklyn 7:00 PM
Houston
Miami 7:00 PM
New Orleans
Minnesota 7:00 PM
Chicago
Utah 8:00 PM
Denver
San Antonio 9:00 PM
Sacramento
Milwaukee 9:30 PM
LA Lakers
Oklahoma City 9:30 PM
Portland
Boston 1 2nd Prd
New Jersey 0
Calgary 0 1st Prd 2:57
NY Islanders 1
Washington 0 1st Prd 4:33
Carolina 0
Chicago 0 1st Prd 20:00
Tampa Bay 0
Colorado 7:30 PM
Dallas
Los Angeles 9:00 PM
Anaheim
Siena 37 2nd Half 11:41
Quinnipiac 54
Harvard 21 2nd Half 20:00
Cornell 22
Penn 20 1st Half 4:15
Brown 34
Fairfield 19 1st Half 7:40
Canisius 20
Manhattan 24 1st Half 6:41
Iona 32
Saint Peters 13 1st Half 7:47
Marist 23
Princeton 32 1st Half 1:43
Yale 30
Ohio 7:00 PM
Akron
Dartmouth 7:00 PM
Columbia
Valparaiso 9:00 PM
Cleveland State
Louisiana Tech 75 FINAL
Texas-El Paso 88
Seton Hall 34 1st Half 5:03
Xavier 16
Cornell 22 1st Half 3:45
Harvard 20
Yale 16 1st Half 3:00
(14) Princeton 27
Elon 19 1st Half 3:55
Drexel 17
Northeastern 21 1st Half 4:20
James Madison 26
St Johns 23 1st Half 4:57
Butler 16
Creighton 31 1st Half 3:55
Georgetown 25
Brown 19 1st Half 3:56
Penn 27
Columbia 13 1st Half 4:34
Dartmouth 22
Canisius 15 1st Half 4:44
Siena 14
St Josephs Brooklyn 5 1st Half 16:50
NJIT 4
Western Carolina 27 1st Half 7:35
UNC Greensboro 10
Colorado 7:00 PM
Arizona
Southern Ill 7:00 PM
Bradley
Drake 7:00 PM
Wichita State
Indiana State 7:00 PM
Evansville
Illinois State 7:05 PM
Loyola-Chicago
Northern Iowa 7:05 PM
Missouri State
Utah 7:30 PM
(10) Arizona State
Providence 7:30 PM
Villanova
Connect with twitterConnect with facebookConnect with Google+Connect with PinterestConnect with PinterestConnect with RssfeedConnect with email newsletters

ADVERTISEMENT

ADVERTISEMENT

ADVERTISEMENT

ADVERTISEMENT

ADVERTISEMENT

ADVERTISEMENT

 
Close