Formula One boss Bernie Ecclestone was on Wednesday indicted on bribery charges by German prosecutors and faces a trial in Munich which could end the motor racing magnate's 40-year-reign.
British Formula One mogul Bernie Ecclestone might soon find himself in front of a Munich court, as it emerged on Tuesday that bribery charges are apparently due to be filed against him before the end of the month.
State-owned Bavarian bank BayernLB is demanding over $400 million from Formula One boss Bernie Ecclestone – the amount it says it lost when one of its employees was bribed into selling its stake in the sport to him in 2005.
Formula 1 supremo Bernie Ecclestone may be under investigation for corruption in Germany, but that is not stopping him making plans to buy the bankrupt Nürburgring race track and complex, it was reported Thursday.
A German banker who told a court he took a $44 million bribe from Formula 1 head Bernie Ecclestone, has been jailed for more than eight years after being convicted of corruption, tax evasion and fraud.
Corruption allegations against Formula 1 supremo Bernie Ecclestone could threaten the future of Michael Schumacher and his Mercedes race team, as majority owner Daimler has a strict policy of not dealing with crooks.
A former top German bank manager has admitted taking $44 million from Formula 1 owner Bernie Ecclestone for selling the race business to the “right” bidder. He described his payment as a “giant mountain of money.”