Swiss authorities open criminal probe against Ecclestone relating to F1 sale

30 October, 2013

Legal woes mount for Bernie Ecclestone

Legal woes mount for Bernie Ecclestone

Yet another legal battle front has emerged for Formula 1′s embattled chief executive Bernie Ecclestone.

As the trial brought by a German media company started in London on Tuesday, 83-year-old Ecclestone was accused of being “corrupt” by lawyers for Constantin Medien, who are seeking $171 million in damages.

Not only that, Briton Ecclestone is still waiting to see if German prosecutors are going to push their similar, but more worrying criminal charges to a trial, relating to the $44 million payment made to Gerhard Gribkowsky, allegedly as a bribe.

Bernie Ecclestone during the Belgian GP weekend

Bernie Ecclestone during the Belgian GP weekend

It has now emerged that Swiss authorities have opened their own criminal investigation into the same matter relating to the sale of Formula 1′s commercial rights some years ago.

Following a report in the Financial Times, the Bloomberg news agency quoted a spokesman for the Geneva prosecutor’s office as saying: “A criminal investigation has been launched.”

The spokesman said the investigation follows a request made by Constantin.

“We have to establish the veracity of the facts and whether these would constitute a criminal violation,” he added. (GMM)

Subbed by AJN.

Widgetized Section

Go to Admin » appearance » Widgets » and move a widget into Advertise Widget Zone