Saturday, July 23, 2011
Ecclestone admits to paying banker
Formula 1 supremo Bernie Ecclestone has admitted for the first time that he did pay money to banker Gerhard Gribkowsky - but says he only did so because he was 'threatened' over other financial matters. Gribkowsky was charged this week for having allegedly accepted a $44 million bribe in relation to the sale of F1 by the Bayerische Landesbank. Ecclestone has been investigated by German prosecutors over his role in the matter, and speaking to The Daily Telegraph he said that he did pay over money - but only because Gribkowsky threatened to expose some of his financial dealings to the Inland Revenue
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