Bloomberg News

Ex-BayernLB Risk Chief Gribkowsky Appeals Verdict in F1 Case

July 04, 2012

Former Bayerische Landesbank Chief Risk Officer Gerhard Gribkowsky appealed a verdict sentencing him to more than eight years in prison over charges he accepted bribes to facilitate the sale of the bank’s stake in Formula One racing.

The 54-year-old’s lawyers filed the appeal yesterday, Daniel Amelung, Gribkowsky’s lawyer, said today by phone. Lawyers are also examining options to allow him to be released during the appeal on bail after spending the last 1 1/2 years in custody, Amelung said.

Gribkowsky, on trial for accepting bribes, breach of trust and tax evasion, told a Munich court last month that the indictment against him was “in most parts” correct. In exchange for his confession, the judges informally agreed Gribkowsky would get a prison term ranging from seven years and ten months to nine years.

The Federal Court of Justice, in the German city of Karlsruhe, probably won’t reach a verdict until next year, Amelung said. German news agency Dapd reported the appeal earlier today.

To contact the reporter on this story: Nicholas Comfort in Frankfurt at ncomfort1@bloomberg.net

To contact the editor responsible for this story: Frank Connelly at fconnelly@bloomberg.net


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