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Bernie questioned by German state prosecutors

F1 boss Bernie Ecclestone has been questioned as part of a police investigation into an alleged multi-million pound bribery scandal.

The case is in direct relation to Formula One's sale to private equity firm CVC back in 2006.

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 was arrested in January and remains in a Munich prison awaiting charges.

Bernie Ecclestone released a statement on Friday which read: 'I have been co-operating with the State Prosecution Office's investigation of the affairs of Dr Gribkowsky since the outset.

'When I was informed that there was a first suspicion in relation to my perceived involvement in the matter I went to see the Senior State Prosecutor and her team in Munich earlier this month to clear up any allegations against me.


Gribkowsky has 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.

Bernie's statement concluded: 'I will continue to give the State Prosecution Office my full co-operation in whatever capacity it may ask and I am confident that when the full facts have been established I will be exonerated of blame for any wrongdoing.'








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The Journalist

Writer: Red5 Mail feedback, articles or suggestions

Date:Wednesday April 20 2011

Time: 10:00AM

 

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