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:

Pin It

Comments

Recommended

Building upon its highly successful racing stint in 2016, Volkswagen gives the Golf GTI TCR a new update. For this year, get ready to see Volkswagen’s Golf GTI touring car...
by - March 17, 2017
The recently unveiled road-going Chevrolet Camaro – the 2018 Camaro ZL1 1LE track-capable sports car – is simply amazing in terms of performance. Already boasting an array of aerodynamic technologies,...
by - March 16, 2017
Seriously, autonomous vehicles are now becoming fast enough to race on the track. This comes after Roborace – hoping to claim the title as the world’s first driverless racing series...
by - March 3, 2017
In racing, driving a quicker and lighter car doesn’t always result in a win. However, such a car definitely has some advantages over other competitors. This could be the reason...
by - February 16, 2017
Yes, Toyota hasn’t joined the WRC since the first generation of iPod was released. For the first time in many years, Toyota comes back and has won its first race...
by - February 14, 2017
Facebook

Youtube Channel

Tip Us
Do you have a tip for us?
Did you film an important event?
Contact us
Newsletter
Subscribe to our newsletter!
Subscribe
Galleries