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Ecclestone Facing Probe in Germany
Source: Agencies |
April 17, 2011, Sunday
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BERNIE Ecclestone has travelled to Germany to meet a state prosecutor investigating alleged payments of US$50 million to a German banker during the sale of Formula One's commercial rights five years ago.
"I have been cooperating with the State Prosecution Office's investigation of the affairs of Dr Gribkowsky since the outset," the sport's 80-year-old commercial supremo said in a statement. "When I was informed that there was a first suspicion in relation to my perceived involvement in the matter, I went to see the Senior State Prosecutor and her team in Munich earlier this month to clear up any allegations against me."
The affair follows the arrest in January of former BayernLB executive Gerhard Gribkowsky whose bank had a stake in Formula One up to 2006 along with JP Morgan, Lehman Brothers and Ecclestone's family trust.
The billionaire said that he would continue to cooperate fully with the State Prosecution Office "in whatever capacity it may ask." "I am confident that when the full facts have been established, I will be exonerated of blame for any wrongdoing," he added.
"I have been cooperating with the State Prosecution Office's investigation of the affairs of Dr Gribkowsky since the outset," the sport's 80-year-old commercial supremo said in a statement. "When I was informed that there was a first suspicion in relation to my perceived involvement in the matter, I went to see the Senior State Prosecutor and her team in Munich earlier this month to clear up any allegations against me."
The affair follows the arrest in January of former BayernLB executive Gerhard Gribkowsky whose bank had a stake in Formula One up to 2006 along with JP Morgan, Lehman Brothers and Ecclestone's family trust.
The billionaire said that he would continue to cooperate fully with the State Prosecution Office "in whatever capacity it may ask." "I am confident that when the full facts have been established, I will be exonerated of blame for any wrongdoing," he added.
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