Ecclestone Reportedly Set to be Charged with Bribery

May 15, 2013

Bernie Ecclestone is in hot water following reports Munich prosecutors have moved to charge the Formula One supremo.

According to the Munich daily Süddeutsche Zeitung, Brit is suspected of transferring $44 million to banker Gerhard Gribovsky during the sale of F1 commercial rights.

Ecclestone has maintained his innocence throughout, but has already admitted that he would be forced to resign if charged. He said earlier this year that the sport’s owners, CVC Capital Partners, “will probably be forced to get rid of me if the Germans come after me. It’s pretty obvious, if I’m locked up”.

Ecclestone said on Wednesday: “They haven’t told me [about the charges], that’s the only problem. I suppose they will eventually, they’re going to have to, obviously.

“To be quite honest with you I haven’t done anything about any of these things. I haven’t bothered. If I have to get bothered, then I’ll get bothered.”

The Munich district court is now weighing the evidence against Mr. Ecclestone who may soon face corruption charges.

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