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News / Sports

Ecclestone to testify in corruption trial

The Columbian
Published: November 8, 2011, 4:00pm

BERLIN (AP) — Formula One boss Bernie Ecclestone is to take the stand in a German court in the trial of a former bank executive charged with accepting bribes in connection with the 2006 sale of BayernLB’s stake in the racing series.

Ecclestone was scheduled to testify in a Munich state court Wednesday in the trial of Gerhard Gribkowsky, a former management board member at public-sector bank BayernLB.

Gribkowsky faces charges of taking $44 million in payments from Ecclestone. He faces up to 10 years in prison if convicted.

Ecclestone’s court appearance was delayed after the defense submitted a petition of alleged bias against the panel of three judges.

Ecclestone has not been charged in the case. He has expressed confidence that he will be exonerated of any wrongdoing.

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