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Bernie takes the stand in payment case
Bernie Ecclestone defended himself at the High Court in London on Wednesday against allegations that he made a "corrupt" payment to protect his position in Formula One.
Former F1 shareholder Constantin Medien, a German media company, is suing Ecclestone and other defendants for up to $144million, claiming F1 was undervalued at the time the BayernLB bank sold its stake.
Ecclestone, whose grip on the glamorous sport is being threatened by the case, is accused of making a "corrupt bargain" with Gerhard Gribkowsky of BayernLB. Gribkowsky was allegedly paid $44million after ensuring the bank's 47 percent stake was sold in 2005 to a buyer of Ecclestone's choosing, investment...
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11y ago from PlanetF1.com
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