Ecclestone may face 10-year sentence over F1 bribery charges
According to the report, Gribkowsky has testified that he received $44 million in payments from Ecclestone while he was deputy chief of Bayern Landesbank. The banker's testimony indicated the payments were intended to keep him from sharing details of the motorsports organization with UK authorities, which could have, in turn, led to a tax investigation. Gribkowsky testified in exchange for a reduced sentence in his own trial for receiving corrupt payments, tax evasion and breach of trust.
Seven months ago, Ecclestone himself testified under immunity that if Gribkowsky had alerted the UK, F1 could have been made to pay more than $3.14 billion in related taxes. Now, Autoweek reports Ecclestone can likely expect to see an international arrest warrant with his name on it, along with an extradition request. If convicted of bribery, the F1 boss could face up to 10 years in prison.
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