Vital Login
Social Login

Other Sites

Network Navigation

Vital Partners

'If It's F1, It's Vital'

Ecclestone bribery scandal rumbles on

F1 boss Bernie Ecclestone has admitted that further action by the German courts could end his reign as Formula One's supremo.

Ecclestone has previously been questioned as part of a police investigation into a multi-million pound bribery scandal.

The case which is in direct relation to Formula One's sale to private equity firm CVC back in 2006 has already seen Gerhard Gribkowsky jailed for more than eight years for tax evasion, breach of trust and taking £28 million in bribes during the sale of F1.

German state prosecutors are trying to establish who paid around $50million to Gerhard Gribkowsky, who at the time was overseeing the sale of BayernLB's stake in F1.

Gribkowsky had been accused of selling a 48% stake in Formula One without legal valuations while receiving an apparent $50million bribe disguised via consultancy agreements.

Ecclestone has not been officially accused of having any connection with those payments and has always denied any involvement, however the court did describe Ecclestone in the closing remarks as 'the accomplice'.

Following Gribkowsky's imprisonment in June, Bernie said to the Reuters news agency: 'They based their decisions on what he told them. I told them the truth, I think Mr Gribkowsky told them what he thought he had to tell them. I don't think I should [face further action] but you don't know, do you?'

Six months down the line and the investigation is still ongoing, prompting CVC to begin the process of looking for Ecclestone's successor.

'[It] will probably be forced to get rid of me if the Germans come after me. It's pretty obvious, if I'm locked up.' he told the Sunday Telegraph as quoted by Autosport Magazine.

'They said they had hired a head-hunter to find somebody in the event that I was not going to be there - if I was going to die or something. It is the normal thing they do to keep people happy,'








Join Vital F1

It's easy to join up and join in on VitalF1.com, simply click the link and enjoy getting involved!

If you are already a member of Vital Football, your logins will automatically work on VitalF1.com!

The Journalist

Writer: Red5 Mail feedback, articles or suggestions

Date:Thursday January 3 2013

Time: 12:00PM

 

Have Your Say

Log in...
with your social network     OR     with your Vital account

Recent Vital F1 Articles

2015 - Mal GP - Race (Sunday March 29 2015)

Blog: Sepang Qualifying (Saturday March 28 2015)

2015 - Mal GP - Qualifying (Saturday March 28 2015)

2015 - Mal GP - FP3 (Saturday March 28 2015)

2015 - Mal GP - FP2 (Friday March 27 2015)

2015 - Mal GP - FP1 (Friday March 27 2015)

Bottas to avoid surgery (Thursday March 26 2015)

Alonso clears up mystery crash (Thursday March 26 2015)

Alonso and Bottas cleared to drive (Thursday March 26 2015)

Blog: Sepang Preview (Wednesday March 25 2015)

New Hamilton deal all but agreed (Wednesday March 25 2015)

Bottas hopeful of return (Tuesday March 24 2015)

Alonso to travel to Malaysia (Monday March 23 2015)

Who will win in Malaysia? (Thursday March 19 2015)

2015 - Aus GP - Race result (Sunday March 15 2015)

Blog: Australian GP Report (Sunday March 15 2015)

Blog: Melbourne Qualifying (Saturday March 14 2015)

2015 - Aus GP - Qualifying result (Saturday March 14 2015)

2015 - Aus GP - FP3 result (Saturday March 14 2015)

Van der Garde drops Sauber dispute (Saturday March 14 2015)

Sauber boss could face prison (Friday March 13 2015)

2015 - Aus GP - FP2 result (Friday March 13 2015)

2015 - Aus GP - FP1 result (Friday March 13 2015)

Jordan to auction cars for charity (Thursday March 12 2015)

Blog: Melbourne Preview (Thursday March 12 2015)

Sauber lose van der Garde appeal (Thursday March 12 2015)

Hass will be ready for 2016 debut (Wednesday March 11 2015)

Hamilton resists Ferrari approaches (Tuesday March 10 2015)

2015 Formula One Drivers (Tuesday March 10 2015)

2014 F1 Driver Standings (Tuesday March 10 2015)

2014 F1 Constructor Standings (Tuesday March 10 2015)

Marussia cleared to race (Friday March 6 2015)

Lotus pleased with steps forward (Friday March 6 2015)

Alonso woke up in 1995 (Friday March 6 2015)

Alonso to miss out on Australia (Wednesday March 4 2015)

Chilton makes move into WEC (Tuesday March 3 2015)

Hamilton keeps Mercedes on top (Monday March 2 2015)

Williams top first day of final test (Friday February 27 2015)

Manor name first driver (Thursday February 26 2015)

Alonso released from hospital (Wednesday February 25 2015)

Alonso remains hospitalised (Tuesday February 24 2015)

Alonso airlifted to hospital (Monday February 23 2015)

Maldonado tops third day in Barcelona (Monday February 23 2015)

Red Bull on top on day two in Barcelona (Monday February 23 2015)

Maldonado tops first day in Barcelona (Friday February 20 2015)

F1 set for Qatar in 2016 (Thursday February 19 2015)

Raikkonen unfazed by uncertain future (Tuesday February 17 2015)

Alonso just wants equality at McLaren (Friday February 13 2015)

Honda plan upgrades for next test (Wednesday February 11 2015)

Force India look set to miss second test (Tuesday February 10 2015)

Marussia push on with return (Monday February 9 2015)

Force India block Marussia return (Friday February 6 2015)

Raikkonen and Ferrari on top in Jerez (Thursday February 5 2015)

Signs of progress for McLaren? (Wednesday February 4 2015)

Marussia to exit administration (Wednesday February 4 2015)

Sauber top third day (Wednesday February 4 2015)

Early struggles for McLaren Honda (Tuesday February 3 2015)

Hamilton set for contract talks (Monday February 2 2015)

Formula One teams hit the test track (Monday February 2 2015)

Bernie wants one wish (Friday January 30 2015)

Could F1 lose German Grand Prix? (Tuesday January 27 2015)

New engines attract new fans (Friday January 23 2015)

Vettel's big gamble at Ferrari (Wednesday January 21 2015)

Honda allowed to make in-season changes (Tuesday January 20 2015)

Qatar bid for F1 scuppered? (Monday January 19 2015)

More aggressive tyre strategy in 2015 (Wednesday January 14 2015)

Archived Vital F1 Articles

List All Vital F1 Articles
Have your say
Click here to suggest an article
Click here to suggest a poll

Vital Members League (view all)

1. Red5 1045
2. DJ 940
3. The Fear 771
4. Villaininthemerde 612
5. johnkelv 581
6. Druss_the_Legend 532
7. Push The Button 451
8. col8 334
9. The Intimidator 157
10. __villa__ 145

Current Site Poll (view all polls)

Can Ferrari win again in 2015?
Yes 0%
No 0%