The conviction of German banker Gerhard Gribkowsky has no legal implications for Bernie Ecclestone, the F1 boss’s lawyer has claimed.
After a lengthy trial in Munich Gribkowsky was convicted of tax evasion, bribery and breach of fiduciary trust after admitting he had accepted a €45m payment from Ecclestone.
Ecclestone told the court that the payment was to stop Gribkowsky potentially making trouble for him with the UK tax authorities. Gribkowsky had worked as chief risk officer for BayernLB, and was involved in the sale of the bank’s 48 per cent share of the F1 business to CVC Capital.
It’s believed that the authorities were more interested in convicting Gribkowsky than pursuing Ecclestone as in Germany senior bankers are regarded as public oficials, and thus subject to rigorous standards.
A 1969 911E
Sir, I read with interest Mr. Jennings' letter in June's Motor Sporrt headed "The Pitfalls of Used Exotica". I was in the position described by him (no thanks to Ernie)…
Club news, January 1937
etti4 /lewd w„„,„,•?•?11111111111r KENTISH BORDER C.C. The third annual Sporting Trial started from Charing, Kent, with sixty-three runners out of an entry of seventy-seven. R. M. Andrews (blown M.G. Midget)…
Vintage Postbag, April 1979
"Goff" Imhof's Trials MG Sir, After some 15 years of not reading Motor Sport, purely because I preferred not to be tempted into motoring experiences which I could not afford,…