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."

If you liked the article, share on:

Topics: formula 1

Comments

Recommended

In was in March 2017 when Aston Martin gave the world its first look at the Valkyrie hypercar. Back then, the brand also revealed that it would create 25 models...
by - November 18, 2017
Have you heard of the hottest car from Bentley? Bentley’s third generation Continental GT has gotten more athletic after receiving the latest GT3 upgrade under its new platform. So what...
by - November 18, 2017
There’s currently no one faster than Marc Marquez in the MotoGP World Championship qualifiers. For now, the Spanish world champion riding for the Repsol Honda team is loving the view...
by - November 14, 2017
Great things could really come in small packages. This was proven earlier this year by Giannini 350 GP, which was basically a rear-wheel drive Fiat 500 on steroids, both in...
by - November 14, 2017
The Volkswagen Polo is one car that has made a major mark at the World Rally Championship (WRC). In just a few years, the Polo has scored over 40 wins,...
by - November 10, 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