F1

Ecclestone alleges extortion in bribery saga - report

Ecclestone alleges extortion in bribery saga - report

By Motorsport.com/GMM

Bernie Ecclestone is reportedly no longer denying he paid millions to jailed German banker Gerhard Gribkowsky.

FOM CEO Bernie Ecclestone
FOM CEO Bernie Ecclestone

Photo by: xpb.cc

The German weekly newsmagazine Focus claims the F1 chief executive, accused by Munich prosecutors of aiding and abetting a breach of trust, has alleged Gribkowsky blackmailed him to the tune of $40 million as he oversaw the sale of the sport to current owner CVC.

The report said Ecclestone made the accusation of extortion, which if proved could result in the return of the payment to the 80-year-old, in the form of official testimony.

It is believed Gribkowsky threatened Ecclestone with the divulgence of sensitive information regarding the structure of his businesses.

Austria's Salzburger Nachrichten said Ecclestone may be electing to cooperate with authorities now in the hope of receiving a lighter penalty in the event any wrongdoing is found.

I'm old enough to get a pension, so I don't have to get a job

Bernie Ecclestone

Fascinatingly, the development coincides with reports that Rupert Murdoch and Carlos Slim are moving to buy F1, and a rare admission by Ecclestone that he might retire if he thinks he cannot work with them.

"I'm old enough to get a pension, so I don't have to get a job," he told the Sunday Times.

Write a comment
Show comments
About this article
Series F1
Tags bribery, ecclestone, germany, gribkowsky

User photos

sleboz
F1

sleboz

4 photos
EuroRacer
F1

EuroRacer

45 photos
Josefine Lißner
F1

Josefine Lißner

1 photos
hanmerdesign
F1

hanmerdesign

9 photos
Evan_DeCiren
F1

Evan_DeCiren

30 photos
colfox72
F1

colfox72

1 photos
gillfoto
F1

gillfoto

1 photos
akazoinho
F1

akazoinho

4 photos
Upload photo