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Friday 29 August 2014

Ecclestone trial 'going on to July'

Published 14/05/2014 | 16:27

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Formula 1 motorsport boss Bernie Ecclestone is on trial in Munich

A German banker allegedly bribed by Bernie Ecclestone has to return to a Munich court to give more evidence, meaning the Formula One chief's corruption trial is likely to run until at least the end of July.

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Ecclestone maintains Gerhard Gribkowsky blackmailed him into a 44 million dollar (£26m) payment, but the banker told the court over three days of testimony the money was a bribe.

Prosecutors say that Gribkowsky, who has been convicted of taking the money, agreed in exchange to facilitate the sale of Munich-based bank Bayern LB's 47% stake in F1 to a buyer of Ecclestone's liking.

Following the end of his testimony, Presiding Judge Peter Noll said he had "the feeling the defence has more questions," and asked Gribkowsky to return to court on July 30, the dpa news agency reported.

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