Formula One CEO Bernie Ecclestone should expect Germany to file charges against the executive over his alleged bribery of former banker Gerhard Gribkowsky. That's according to Autoweek, which notes Gribkowsky oversaw the sale of BayernLB's stake in the racing series back in 2006 to CVC Capital Partners, which now holds F1's controlling interest.

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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  • 32 Comments
      Jason Miller
      • 2 Years Ago
      I hope someone finally cuts this idiot's hair in prison.
        • 2 Years Ago
        @Jason Miller
        [blocked]
        Gubbins
        • 2 Years Ago
        @Jason Miller
        Ha! I was thinking exactly the same...and it couldn't happen to a nicer guy too. Hope to hell he does do some time, the slimy weasel.
      • 2 Years Ago
      [blocked]
      artandcolour2010
      • 2 Years Ago
      His two daughters just spent more than $300MILLION dollars are two homes in the USA. One daughter, a college student, paid almost $100 million for an apartment in Manhattan, and the other daughter spent about $150 million for Aaron Spellings' 100+ room mansion in LA. And he's an executive or CEO? Yowsah.They need to dig deep, something's fishy to say the least.
        Tina Dang
        • 2 Years Ago
        @artandcolour2010
        Nevermind the houses, His daughters spend more than $10 million a year on shopping alone. Petra, the chick who got Tori Spelling's house purchased a $200,000 diamond-aligator Birkin...but hey, money buys happiness... more power to them. I love Bernie though.
      flammablewater
      • 2 Years Ago
      $3.14B is a lot cash. Take it out of Bernie's pocket, 10 years for him is likely just a death sentence.
        • 2 Years Ago
        @flammablewater
        [blocked]
      JT
      • 2 Years Ago
      Weekend at Bernie's. In Prison.
      morphiss7
      • 2 Years Ago
      A billionaire paying a bribe? now thats surprising !!!!
      Hek!
      • 2 Years Ago
      In other news: New F1 regulations stipulate that cars must have a cast concrete chassis with closed cockpits and barred windows.
      Street King
      • 2 Years Ago
      And people think the mob is dead
      Brandon Allen
      • 2 Years Ago
      Oh no! F1 will be regulated from Prison now. Restrictor plates anyone?
      The Law
      • 2 Years Ago
      CROOK!
      linzalind
      • 2 Years Ago
      he needed me - i could have been bribed for half that much
      KaiserWilhelm
      • 2 Years Ago
      Yeah right, pigs will strap on after-burning turbofans before this billionaire sees any jail time.
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