- Loading CountdownAustralia:
Gribkowsky jailed for almost nine years
Wednesday 27th June 2012, 23:25 by Ryan Wood
Gerhard Gribkowsky has been jailed for eight and a half years after he was found guilty of accepting monetary bribes from Formula 1 CEO Bernie Ecclestone.
The German banker, then chief risk officer at BayernLB, accepted charges that he bribed Ecclestone for £28 million (£44m) in return for keeping information about the sale of the sport to CVC Capital Partners to himself, rather than referring it to the British tax authorities.
The attention has now turned to Ecclestone himself who, despite giving evidence under immunity, could be investigated and even prosecuted by German authorities.
If also found guilty, the 81-year-old could face up to 10 years in prison under section 334 (1) of the German Criminal Code and that may prompt a British tax investigation possibly costing the Ecclestone family billions in tax payments.
The F1 Times is not affiliated with Formula 1, Formula One Management, Formula One Administration, Formula One Licensing BV or any other subsidiary associated with the official Formula One governing organisations or their shareholders. Official Formula One information can be found at www.formula1.com.