Thursday, July 21, 2011

Ecclestone named in corruption case

Formula 1 supremo Bernie Ecclestone has been named as an involved party in the corruption case involving a former banker during the sale of the Formula 1 back in 2006. Bayerische Landesbank risk manager Gerhard Gribkowsky has been charged with corruption, embezzlement and tax evasion, and is accused of having accepted a $44 million bribe. German prosecutors allege that Ecclestone received $41.4 million in commissions from the bank.

Source: http://www.iracing.com/inracingnews/formula-one-news/f1-formula-one-news/ecclestone-named-in-corruption-case/

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