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    Courtesy Guardian...................

    Bernie Ecclestone bribery charge puts Formula One reign in doubt

    German indictment over €44m payment to banker and timing of court case could again delay

    $12bn flotation of F1

    Bernie Ecclestone was indicted by German prosecutors following his payment of $44m to

    Gerhard Gribkowsky of Bayern Landesbank. Photograph: Mark Thompson/Getty

    The future of Bernie Ecclestone in Formula One has been thrown into doubt after the sport's

    chief executive and commercial rights holder was charged with bribing a German banker.

    Ecclestone, who will be 83 in October, announced on Wednesday that he had been indicted by

    German prosecutors

    following his payment of $44m (£29m) to Gerhard Gribkowsky of Bayern Landesbank to smooth

    the sale of a 47% stake in the sport to its current owners, the private equity company CVC

    Capital Partners, in 2006.

    Last year Gribkowsky was jailed for eight and a half years for not paying tax on the payments,

    breach of trust towards his former employers and being in receipt of corrupt payments from Ecclestone.

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