Formula One chief Ecclestone goes on trial for bribery

Bernie-EcclestoneBerlin, April 24 : Formula One boss Bernie Ecclestone Thursday appeared in a Munich court at the start of a trial on bribery charges.

The Briton has been charged with bribing jailed German banker Gerhard Gribkowsky to smoothen the sale of a stake in Formula One to private equity firm CVC in 2006, reports Xinhua.

If the 83-year-old is convicted, he could face up to 10 years in jail.

Ecclestone, a former used car salesman who became a billionaire by building the sport into a global money spinner over the past four decades, denies wrongdoing and says he will fight to clear his name. (IANS)




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