Banker sentenced to jail for F1 bribery

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Jun.27 (GMM) Gerhard Gribkowsky was on Wednesday sentenced to jail by a Munich court.

Bernie Ecclestone, CEO Formula One Group
Bernie Ecclestone, CEO Formula One Group

Photo by: xpb.cc

The guilty verdict could have serious implications for F1 chief executive Bernie Ecclestone, who admits to paying millions to the former BayernLB banker.

Gribkowsky was sentenced to eight and a half years in jail for crimes including bribery, for the $44 million received from Ecclestone.

In closing arguments earlier Wednesday, the German prosecutors described Ecclestone as an "accomplice", not a victim of extortion as claimed by the 81-year-old Briton.

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About this article
Series F1
Article type Breaking news
Tags ecclestone, f1, gmm, gribkowsky, munich

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