Bloomberg News

Gribkowsky May Have Been Offered $80 Mln: Handelsblatt

September 29, 2011

(Corrects to show the money was offered to Gribkowsky in first paragraph.)

Sept. 29 (Bloomberg) -- Gerhard Gribkowsky, a former Bayerische Landesbank risk manager, may have been offered as much as $80 million by Formula One Chief Executive Officer Bernie Ecclestone, Handelsblatt reported, citing a document from Munich prosecutors.

This is more than previously reported, the newspaper said. Sven Thomas, Ecclestone’s lawyer, did not immediately return a call from Bloomberg News seeking comment. Handelsblatt said Gribkowsky’s lawyer did not answer detailed questions on the issue and Ecclestone’s lawyer did not want to comment on the question.

Gribkowsky and Ecclestone said the payments had nothing to do with the sale of Formula One shares, Handelsblatt reported. Gribkowsky’s lawyer Rainer Bruessow said in August that there is no evidence supporting the allegations against his client.

A German regional court allowed breach of trust, accepting bribes and tax evasion charges against Gribkowsky, it said on Sept. 26. The trial over the sale of the lender’s stake in Formula One racing is set to start Oct. 24, the regional court said.

To contact the editor responsible for this story: Julie Cruz at jcruz6@bloomberg.net


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