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:

Comments

Login or Create new account to add a comment!

Recommended

The final version of Lexus’ GT3 racer is now here at last and it looks meaner and more menacing than the namesake concept it was derived from. Welcome the new...
by - January 16, 2017
BMW recently held its year-end celebration in Munich, Germany. The same motorsport event had on display the upcoming BMW M4 GT4. It was then wrapped in camouflage to conceal its...
by - December 15, 2016
M-Sport has taken the veil off its challenger for the next season of the World Rally Championship – the 2017 Ford Fiesta WRC -- and it has very little in...
by - December 13, 2016
Porsche revealed that starting 2017, it will offer the 911 (991) GT3 Cup with an improved drive. Already considered as the most produced GT racing vehicle in the world, this...
by - December 9, 2016
Mercedes-AMG finally races along with other car manufacturers in the GT4 category. Since there’s an increasing trend for this segment, we think they’ve made it just in time along with...
by - December 7, 2016
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