This story has been buried; I had to dig pretty far down in the HouChron sports section to find it.
Formula One boss Bernie Ecclestone has been charged by German prosecutors with bribery in connection with the sale of a stake in the global racing series. Ecclestone has been under investigation since a German banker was convicted of taking an illegal payment from him worth $44 million.
…
The court said in a statement Wednesday that Ecclestone had been charged with bribery and incitement to breach of trust in connection with [Gerhard] Gribkowsky’s [the German banker in question – DB] management of BayernLB’s stake in F1. It said the indictment was dated May 10 and has since been translated into English and delivered to Ecclestone and his lawyers.
Along with taking the money from Ecclestone, Gribkowsky used BayernLB’s funds to pay the F1 chief a commission of $41.4 million and agreed to pay a further $25 million to Bambino Trust, a company with which Ecclestone was affiliated, prosecutors maintained during the trial.
(Required for the tax-fattened hyena watch.)
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