Wednesday, 20 July 2011

German prosecutors charge banker in F1 sale

Prosecutors in Munich have charged a former executive at a German bank for allegedly taking bribes from Formula 1 CEO Bernard Ecclestone in connection with the 2006 sale of the banks stake in Formula 1. Gerhard Gribkowsky, a former member of the management board at the regional bank BayernLB, was in charge of managing the sale of BayernLBs stake to private equity firm CVC Capital...


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