Formula One boss Bernie Ecclestone may find himself in legal trouble in Germany over allegations that he bribed a bank official $50 million. According to Yahoo Sports' European arm, prosecutors are currently gathering evidence against the F1 honcho.

The would-be charges center around the deal that led CVC Capital Partners to own F1. The courts say that Gerhard Gribkowsky, who worked with CVC Capital Partners, deposited $50 million into an Austrian account in order to avoid paying taxes on the funds. Prosecutors are currently trying to tie Eccelstone, who is currently employed by CVC as the head of F1, to that money.

Not surprisingly, Eccelstone is denying the accusations, saying that he's done everything in his power to work with investigators on the matter, but that as far as he knows, there are no problems. Gribkowsky, meanwhile, is currently being held in jail on charges of tax evasion, corruption and fraud.


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    • 1 Second Ago
  • 12 Comments
      Skicat
      • 3 Years Ago
      Would be awesome to see the "Rupert Murdoch of Racing" (or is RM the "Bernie of the Media?) go down. Maybe F1 could be run with some integrity. Though more likely some other egomaniacal crooked rich guy would take over.
      • 3 Years Ago
      [blocked]
      TOGO
      • 3 Years Ago
      Bernie is only dragging F1 down and down. It just hit me, if you look at the history of Billionaires and crooks in history, Ecclestone, Trump, Nixon, Mao etc. They all had no sense of hair style. It's time to resign Bernie before it's too late.
      deadatbirth440
      • 3 Years Ago
      i guess two week old news could still be considered current
      JR
      • 3 Years Ago
      Hey the guy has expenses: http://www.dailymail.co.uk/tvshowbiz/article-2015884/Petra-Ecclestone-borrows-82-4m-mother-Slavica.html
      trustmeimacarsalesma
      • 3 Years Ago
      I have become an F1 fan too late to understand all the hatred for Bernie Ecclestone, but I must admit- he does seem to be quite far from understanding exactly what it is that makes the sport so great...
      • 3 Years Ago
      [blocked]
        mrx19
        • 3 Years Ago
        Would the moderator please block out this idiot. About the 5th time we've seen this post.
      Kghd
      • 3 Years Ago
      A drop in the bucket, sadly.
      • 3 Years Ago
      [blocked]
      Gavin
      • 3 Years Ago
      He sure is a looker, isn't he? For someone who has so much money, why does he insist on cutting his own hair with a guillotine?
      Rick
      • 3 Years Ago
      The Wierd Little Freak also got Austin TX to pay him a 25 million "commission" for his part of urging F1 to stage a race in Austin. Its time for him to retire and quit stealing money from everyone in sight.