F1 boss Ecclestone indicted in bribery case

July 17, 2013 04:22 pm | Updated 04:22 pm IST - LONDON

Formula One boss Bernie Ecclestone said he has been indicted by German prosecutors for alleged bribery.

Ecclestone has been under investigation since a German banker was convicted of taking an illegal payment from him worth $44 million in connection with the sale of a stake in F1.

Ecclestone told the Munich state court he felt pressured into paying the cash in 2006 because he was worried that Gerhard Gribkowsky would report him to British tax authorities.

Ecclestone told The Associated Press on Wednesday that his lawyers “have accepted an indictment.

0 / 0
Sign in to unlock member-only benefits!
  • Access 10 free stories every month
  • Save stories to read later
  • Access to comment on every story
  • Sign-up/manage your newsletter subscriptions with a single click
  • Get notified by email for early access to discounts & offers on our products
Sign in

Comments

Comments have to be in English, and in full sentences. They cannot be abusive or personal. Please abide by our community guidelines for posting your comments.

We have migrated to a new commenting platform. If you are already a registered user of The Hindu and logged in, you may continue to engage with our articles. If you do not have an account please register and login to post comments. Users can access their older comments by logging into their accounts on Vuukle.