04/24 02:50 CDT F1 boss Bernie Ecclestone goes on trial in Germany
F1 boss Bernie Ecclestone goes on trial in Germany
MUNICH (AP) --- The trial of Formula One boss Bernie Ecclestone on bribery
charges has begun, in a case that could threaten the 83-year-old's grip on the
Ecclestone talked with his lawyers and smiled as he took his place Thursday at
the Munich state court.
He's accused of bribery and incitement to breach of trust, and could face up to
10 years in prison if convicted. The charges involve a $44 million payment to
banker Gerhard Gribkowsky, who's serving an 8- year sentence for taking the
Prosecutors allege the payment was meant to facilitate the sale of German bank
Bayern LB's stake in Formula One to a buyer of Ecclestone's liking. Ecclestone
has denied wrongdoing and said he was "shaken down."