Arab Today, arab today ecclestone charged with bribery in germany
Last Updated : GMT 07:08:47
Arab Today, arab today
Arab Today, arab today

Ecclestone charged with bribery in Germany

Arab Today, arab today

Arab Today, arab today Ecclestone charged with bribery in Germany

Berlin - AFP

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. The 82-year-old could face a prison sentence after being charged by Munich prosecutors in relation to a $44 million (33.6 million euro, £29 million) payment he made to German banker Gerhard Gribkowsky which was linked to the sale of the Formula One rights in 2006. An English copy of the charges have been received by Ecclestone\'s lawyers and a date for the trial was not expected to be set before mid-September, said a spokesperson for the Munich I district court. Ecclestone\'s defence team has until the middle of August to challenge the charges. Last month, Gribkowsky was sentenced to eight-and-a-half years in jail in Munich and Ecclestone has always denied bribing the German to avoid a British tax inquiry into the sale of Formula One, claiming he was blackmailed by Gribkowsky. Ecclestone, who has been at the top of Formula One for four decades, told the Financial Times newspaper he was ready to defend himself and has given no hint of resigning. \"I have spoken to my lawyers and they have received an indictment, which is being translated into English,\" he said.\"We will defend ourselves properly, it is an interesting case, but it is a pity that this has happened.\" If found guilty, Ecclestone could face a jail term which would bring down his Formula One empire. \"I am not guilty, but if I am sent to jail, I have to deal with it,\" he has already said on the matter. \"I do not think I would particularly like it, but you have to deal with certain things.\" Having risen from a motor-racing enthusiast to the top of the Formula One empire he built, Ecclestone has already received support from inside the sport. \"Regardless of the situation, I think it\'s absolutely right that he will continue,\" said Christian Horner, team principal of world champion Sebastian Vettel\'s Red Bull. \"There is no one better in the role than Bernie -- even if nobody has a real idea of exactly what the role involves. \"The deals, which he still does, are outstanding. \"Moreover, the main thing is he takes Formula One to new countries, which he does with passion and enthusiasm.\" Horner said the sport would suffer, should Ecclestone be forced to quit. \"It is in our interest that he does this job for as long as possible,\" said the 39-year-old. \"After him, things will only get worse for our sport. Formula One is only what it is because of Bernie Ecclestone. \"Without him, we\'d be in real trouble.\" Ecclestone\'s rise to become the most powerful man in Formula One began in the late 1970s when he bought the television and marketing rights and has built up the sport into one of the most profitable sports events in the world.

Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

Arab Today, arab today ecclestone charged with bribery in germany Arab Today, arab today ecclestone charged with bribery in germany

 



Arab Today, arab today
Arab Today, arab today Fadi explains secrets of  Nancy Ajram's newlook

GMT 18:23 2017 Friday ,24 February

Fadi explains secrets of  Nancy Ajram's newlook
Arab Today, arab today Tourist guide explains types of tourism

GMT 18:28 2017 Saturday ,25 February

Tourist guide explains types of tourism
Arab Today, arab today Expresses Algerian history by woody figures

GMT 13:26 2017 Friday ,24 February

Expresses Algerian history by woody figures
Arab Today, arab today Iran complying with nuclear deal

GMT 07:14 2017 Saturday ,25 February

Iran complying with nuclear deal
Arab Today, arab today Ayat Abaza says state TV presented major stars

GMT 03:52 2017 Sunday ,26 February

Ayat Abaza says state TV presented major stars

GMT 14:44 2017 Saturday ,25 February

China overtakes US as Germany’s top trade partner

GMT 05:53 2017 Saturday ,25 February

Global sovereign debt to hit new all-time high

GMT 05:17 2017 Saturday ,25 February

Oil world cautious on Trump’s next move

GMT 09:59 2017 Friday ,24 February

Baidu revenue slips anew amid ad clampdown

GMT 05:20 2017 Thursday ,23 February

WTO ratifies first multilateral trade deal
View News in Arabic - Business: نفط وبتروكيماويات
Arab Today, arab today
Arab Today, arab today
Arab Today, arab today Reading therapy relieves mental disorders

GMT 15:39 2017 Friday ,24 February

Reading therapy relieves mental disorders
Arab Today, arab today UK appoints 1st Scotland Yard chief in 188 years

GMT 05:14 2017 Thursday ,23 February

UK appoints 1st Scotland Yard chief in 188 years
Arab Today, arab today Penguins in the age of dinos

GMT 11:44 2017 Saturday ,25 February

Penguins in the age of dinos
Arab Today, arab today Pluto's unruly moons

GMT 06:31 2015 Thursday ,04 June

Pluto's unruly moons
Arab Today, arab today 'Constructive' Vauxhall talk with union

GMT 08:54 2017 Saturday ,25 February

'Constructive' Vauxhall talk with union
Arab Today, arab today Tesla back into red but revenue grows

GMT 07:27 2017 Thursday ,23 February

Tesla back into red but revenue grows
Arab Today, arab today Ola Ghanem hopes to work with M.Ramadan

GMT 07:23 2017 Friday ,24 February

Ola Ghanem hopes to work with M.Ramadan
Arab Today, arab today Ex-yoga missionary unleashes rage

GMT 12:16 2017 Thursday ,23 February

Ex-yoga missionary unleashes rage

GMT 06:08 2017 Thursday ,23 February

Actress Lobna Abdel Aziz proud of her career

GMT 12:35 2017 Tuesday ,21 February

63-Year-Old Woman Delivers Baby

GMT 22:42 2017 Thursday ,23 February

Nasima Gamei revives heritage in jewelries

GMT 10:28 2017 Wednesday ,22 February

Milan laughs while Rome cries

GMT 20:33 2017 Friday ,17 February

To release new antiques collection

GMT 10:20 2017 Thursday ,23 February

Brazil's top diplomat resigns

GMT 11:54 2017 Thursday ,23 February

Saudis await visitors but will they come?

GMT 13:12 2015 Saturday ,09 May

Sheikh Sultan opens Sharjah Centre

GMT 20:02 2017 Tuesday ,21 February

Nohan Seyam designs beautiful accessories
Arab Today, arab today
Arab Today, arab today
 
 Arab Today Facebook,arab today facebook  Arab Today Twitter,arab today twitter Arab Today Rss,arab today rss  Arab Today Youtube,arab today youtube  Arab Today Youtube,arab today youtube
arabstoday arabstoday arabstoday arabstoday
arabstoday arabstoday arabstoday
arabstoday
بناية النخيل - رأس النبع _ خلف السفارة الفرنسية _بيروت - لبنان
arabstoday, Arabstoday, Arabstoday