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F1 boss Bernie Ecclestone back in Munich court

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F1 boss Bernie Ecclestone back in Munich court

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Formula One boss Bernie Ecclestone was back in court on Friday to answer charges of bribery. The 83-year-old is alleged to have paid a €32 million bribe to banker Gerhard Gribkowsky, who is serving an 8 1/2-year sentence for taking the money.

Prosecutors allege the payment was meant to facilitate the sale of Munich-based bank Bayern LB’s stake in F1 to a buyer of Ecclestone’s liking.

Ecclestone, who could face up to 10 years in prison if convicted, maintains that he was the victim of coercion by Gribkowsky and suggested the banker was threatening to make damaging claims about his tax affairs.

Gribkowsky is due to testify during the trial’s next session, scheduled for May 9.