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    Lets hope the German justice system is as efficient as their manufacturing is........fingers crossed

    German prosecutors set to charge Formula One boss Bernie Ecclestone over alleged $44m bribe

    In 2012, a court sentenced German banker Gerhard Gribkowsky to eight-and-a-half years in prison for taking the alleged payment for organising the sale of a large stake in the sport

    Formula One boss Bernie Ecclestone is expected to face charges in Germany over an alleged $44m bribe paid to a German banker who organised the sale of a large stake in F1, it was reported.


    Sky News said a source had told them that prosecutors in Munich were expected to issue a statement on Thursday confirming the start of legal action, although this could still be delayed or an out-of-court settlement might be reached.

    The case centres on $44m (about £27m) payment that Mr Ecclestone made to banker Gerhard Gribkowsky.

    In 2012, a German court sentenced Mr Gribkowsky to eight-and-a-half years in prison for taking the alleged bribe.

    Mr Ecclestone has persistently denied the money was a bribe, but admitted that he had paid £8m and his Bambino family trust had given the remainder.

    In 2011, he told The Independent that the money was payment for work that Mr Gribkowsky had done as a property consultant for the trust.

    Mr Ecclestone previously said the payment was made to stop Mr Gribkowsky reporting false allegations about his tax affairs to the Inland Revenue. He claimed that Mr Gribkowsky suggested that he would inform the tax authority that Mr Ecclestone controls his family's offshore trust, which could make him liable to pay the tax on the estimated £2.5bn it has received from F1.

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