May 13, 2014, 12:41 PM EDT
Today in Munich, imprisoned banker Gerhard Gribkowsky told a courtroom that Formula One boss Bernie Ecclestone gave him a $44 million bribe over the sale of a stake in the sport.
Ecclestone is accused of giving that alleged bribe to Gribkowsky in order to help move along the sale of German bank BayernLB’s former F1 stake to CVC Capital Partners almost a decade ago.
Gribkowsky, now the star witness for the prosecution, is serving an eight-and-a-half year jail sentence for accepting the money and for tax evasion.
Ecclestone has admitted to the payments, but has consistently maintained that Gribkowsky was threatening to make false reports about him to tax authorities.
According to Reuters, Gribkowsky – who started giving evidence in the trial last Friday – said through an interpreter that “the offer clearly came from him,” meaning Ecclestone.
He also added, “I had a carrot dangled in front of me. I grabbed the carrot.”
As for the matter of what Ecclestone expected in return for the payment, Gribkowsky said “that remained vague.”
Additionally, the banker admitted to spreading rumors about Ecclestone’s tax status but denied the allegations of blackmail from the British billionaire, who faces not only a possible 10-year jail term but the end of his decades-long reign over F1.
“We didn’t have anything concrete,” Gribkowsky said on those rumors. “It was mainly nuisance value.”
Last November, CVC (which owns a 35 percent stake in the sport) said that it was ready to fire Ecclestone if he is found guilty of any charges against him.
“He told me he had never lied to me and I must say that I had trouble believing you could forget payment of $40 million,” CVC co-founder Donald Mackenzie told the High Court in London at that time.
Mar 28, 2015, 9:01 PM EDT
It was a double dose of Force in Saturday’s final rounds of qualifying for the sixth-annual NHRA 4-Wide Nationals at zMAX Dragway in Concord, N.C.
Mar 28, 2015, 7:46 PM EDT
Roundup of the rest of Saturday’s action from St. Petersburg.
Mar 28, 2015, 7:20 PM EDT
NBC Sports Group’s “Off the Grid” digital series hits Mexico City, set to premiere on March 31.
Mar 28, 2015, 7:11 PM EDT
Simona de Silvestro happy to be somewhat disappointed with 11th in IndyCar qualifying at St. Petersburg.
Mar 28, 2015, 6:45 PM EDT
Takuma Sato puts together a successful qualifying effort for A.J. Foyt Enterprises, ending in fifth and best Honda.
Mar 28, 2015, 6:30 PM EDT
After top-four qualifying sweep, the Team Penske teammates are praising each other rather than trading shots.
Mar 28, 2015, 5:24 PM EDT
Power on pole as Team Penske goes 1-2-3-4 in St. Petersburg qualifying.
Mar 28, 2015, 3:25 PM EDT
Indy Lights’ new era kicks off at St. Petersburg with a new driver and team on top in the series’ new car.
Mar 28, 2015, 1:27 PM EDT
More Will Power on top of IndyCar practice at St. Petersburg.
Mar 28, 2015, 1:01 PM EDT
Franck Montagny receives two-year ban from FIA’s Anti-Doping Disciplinary Committee.
Mar 28, 2015, 1:00 PM EDT
Swedish driver reaches both Q2 and Q3 for the first time in his F1 career, and will start tomorrow’s race from ninth place on the grid.
Mar 28, 2015, 12:00 PM EDT
Ricciardo and Kvyat both get inside the top five thanks to the rain in Q3 in Malaysia, but Massa and Bottas struggle.
Mar 28, 2015, 11:30 AM EDT
Monaco’s circuit for the FIA Formula E Championship is revealed.
Mar 28, 2015, 10:28 AM EDT
Incident involving Jann Mardenborough’s Nissan GT-R claims the life of one spectator at the Nordschleife.
Mar 28, 2015, 10:00 AM EDT
Dutch youngster scores the best F1 qualifying result for a teenager in 54 years on Saturday in Malaysia.
Mar 28, 2015, 9:15 AM EDT
Spanish driver will make his second debut for McLaren from 18th position on the grid tomorrow.
Mar 28, 2015, 8:30 AM EDT
British driver explains the challenge of judging your qualifying lap in the wet after securing pole position in Malaysia on Saturday.
Mar 28, 2015, 7:49 AM EDT
Merhi and Stevens miss the 107% time required to qualify in Malaysia, but are granted dispensation by the FIA stewards.
Vettel hoping for more rain on Sunday after scoring Ferrari’s first front-row start in two years (VIDEO)
Mar 28, 2015, 7:30 AM EDT
Felipe Massa was the last driver to start on the front row of the grid for Ferrari, lining up second for the 2013 Malaysian Grand Prix.
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