Ecclestone wins but payment was corrupt, says UK judge
A UK judge has said Formula One boss Bernie Ecclestone “made a corrupt agreement” when paying a Bayern LB banker US$44 million to facilitate a 2005 sale of F1 shares. But the judge rejected German media group Constantin Medien’s US$140 million claim that the payment was part of a deal that purposely undervalued the group’s stake at the time.
To read more
Subscribe to Global Investigations Review
Subscribe to unlock unlimited access
Get news, unique commentary, expert analysis and essential resources from the Global Investigations Review experts.