Telegraph.co.uk, 20 Jun 2012In his first courtroom statement during his long-running corruption trial, banker Gerhard Gribkowsky admitted the accusations against him were “essentially true” and claimed that the payments had been to ensure the sale went according to Mr Ecclestone’s plans rather than in exchange for consultancy work. Mr Gribkowsky said that he had denied being bribed in the past because he was concerned about the future of F1, which has been preparing for a $9bn (£5.7bn) Singapore flotation later this year.
Last night, Mr Eccelstone denied the payments had been bribes and said he was considering whether to take legal action against Mr Gribkowsky. Full story
Related:
Formula One chief Bernie Ecclestone faces fresh allegations over £28 million 'bribe' - The Telegraph
German banker admits bribery in Ecclestone F1 case - Yahoo! Sports
