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Ecclestone accused of fabricating need for 'bribe'
Formula 1 boss Bernie Ecclestone disputed paying a bribe to ensure he stayed in control of the glamorous motorsport series, and then fabricating the reason to pay a banker. Under cross-examination at the High Court in London on Wednesday, Ecclestone said he was blackmailed by the banker tasked with selling a significant stake in F1, and paid him off to avoid being reported to the authorities over his tax affairs. 'I made up my mind he needed to be kept quiet,' Ecclestone said after claiming he was 'shaken down' by BayernLB's Gerhard Gribkowsky. Former F1 shareholder Constantin Medien contests that Ecclestone and his family trust entered into a 'corrupt bargain' with Gribkowsky to ensure...
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12y ago from F1Pulse.com
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