Lawyers of F1 CEO Bernie Ecclestone deny bribery allegations

Article by Anita Panait, on May 17, 2013

Lawyers acting for Formula One chief executive Bernie Ecclestone denied allegations that their client bribed a German banker in connection with the sale of the motor sport to investors in 2005-2006. The comments came after German newspaper Sueddeutsche Zeitung reported on May 15, 2013, that local prosecutors had charged him with bribery and inciting others to a fiduciary breach of trust.

Ecclestone’s lawyers from German law firm Thomas Deckers Wehnert Elsner remarked that they have yet to receive the documents containing the charges from the Munich prosecutor's office. The law firm reiterated its view that Ecclestone has neither “committed bribery nor played any part in committing a fiduciary breach of trust." The Munich prosecutor's office disclosed Monday, May 13, 2013, that it had wrapped up its probe against the Formula One supremo

. In an interview with German daily Bild-Zeitung, Ecclestone said he would not resign as the head of Formula One, adding that only shareholders have the right to make the decision. He told Bild that once his contract with Formula One expires, shareholders can replace him if they want. Ecclestone also reiterated his innocence on the matter, adding the “truth will prevail in the end."

Topics: formula 1

If you liked the article, share on:


Login or Create new account to add a comment!


Carbon fiber has become a trend for cars nowadays. It is like the “diet pill” for cars. The car’s weight can be reduced greatly when certain parts or even entire...
by - July 21, 2016
The new Acura EV Concept will be fielded in the Electric Modified Class at the 2016 Broadmoor Pikes Peak International Hill Climb, as powered by an evolved version of the...
by - July 13, 2016
The 24 Hours of Le Mans or sometimes called the “Grand Prix of Endurance and Efficiency” is an annual active sports car race held near the town of Le Mans...
by - July 1, 2016
Citroën Racing is continuing to develop their 2017 World Rally Car in Portugal, less than a month after the race. Kris Meeke and Stéphane Lefebvre achieved considerable mileage during the...
by - May 23, 2016
A distinct example of the 2017 Camaro SS 50th Anniversary Edition will be the pace car at the 100th running of the Indianapolis 500. This version of the 2017 Camaro...
by - May 4, 2016