May 14, 2013, 2:11 PM EDT
Bernie Ecclestone is set to find out whether he will face charges over allegedly paying a bribe to a German banker.
Prosecutors in Germany say they have completed their investigations into Ecclestone’s dealings with former BayernLB banker Gerhard Gribkowsky and will reveal their findings soon.
Ecclestone is alleged to have paid $44m to Gribkowsky in connection with the sale of F1 to current owners CVC Capital Partners in 2006.
Ecclestone claims the money was paid to keep Gribkowsky from making false allegations about Ecclestone’s family trust which could lead to an investigation by the British tax authorities.
Five days ago Gribkowsky abandoned his plans to appeal the eight-and-a-half year jail term he was sentenced to last June for his part in the deal.
Gribkowsky was originally arrested in January 2011 and was put on trial the following October. When he was found guilty the judge ruled Ecclestone had been the “driving force” behind the payments.
Ecclestone said in December it is possible he would have to resign his position as F1 boss if he were to face charges.
The Formula One boss is fighting a related case with Bluewater Communication Holdings who claim Ecclestone cost them $650 million due to the Gribkowsky deal.
May 5, 2015, 7:49 PM EDT
Without a full-time ride for this season, Justin Wilson is happy to be back in a race car and to have a ride for at least the next two races.
May 5, 2015, 6:02 PM EDT
Helio Castroneves hopes to enjoy the appetizer this weekend and then sink his teeth into the main course two weeks later.
May 5, 2015, 3:19 PM EDT
AJ Foyt’s No. 48 Honda-powered Dallara will have history written all over it in this year’s Indianapolis 500.
May 5, 2015, 2:03 PM EDT
At a time when many people would be embracing retirement, legendary NHRA drag racer John Force just keeps motoring along.
May 4, 2015, 5:18 PM EDT
Road America invests millions into some track upgrades for 2015.
May 4, 2015, 2:18 PM EDT
Nastia Liukin named grand marshal for this year’s Indianapolis 500.
May 4, 2015, 1:33 PM EDT
Videos from the debut of the new Ligier JS P2 Hondas for Tequila Patron ESM at Spa-Francorchamps this weekend.
May 4, 2015, 11:41 AM EDT
Mann gets back to work behind the wheel and has a very good first day of running at IMS.
May 4, 2015, 11:35 AM EDT
Early days yet, but seems as though Andretti Autosport is starting the month of May out on the right foot.
May 4, 2015, 11:24 AM EDT
The No. 90 Corvette DP pairing ends on top in Monterey.
May 3, 2015, 8:42 PM EDT
Day one of the month of May is in the books at the Indianapolis Motor Speedway.
May 3, 2015, 5:00 PM EDT
Could we see the Iranian Grand Prix join the F1 calendar in years to come?
May 3, 2015, 3:30 PM EDT
Lotus technical director Nick Chester expresses his confidence in the upcoming upgrade package for the E23 Hybrid car.
May 3, 2015, 2:11 PM EDT
A run through of new driver firesuits and liveries thus far on the first day of practice for the Indianapolis 500.
May 3, 2015, 2:00 PM EDT
Ex-Force India driver di Resta picks up his first podium finish since returning to DTM in 2014.
May 3, 2015, 1:31 PM EDT
Indianapolis 500 practice is officially underway.
May 3, 2015, 12:45 PM EDT
Spanish rider wins on home soil as Valentino Rossi scores his 200th podium finish.
May 3, 2015, 12:26 PM EDT
Conor Daly’s “Fueled by Bacon” No. 43 Smithfield Foods Honda is revealed.
May 3, 2015, 11:30 AM EDT
The no. 19 crew fights back at Spa to finish sixth overall after six hours of racing.
May 3, 2015, 10:15 AM EDT
Venezuelan driver returns to the site of his only grand prix victory next weekend.
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