Gribkowsky may admit to bribery as trial comes to a close

(L to R): Bernie Ecclestone (GBR) F1 Supremo and Dr Gerhard Gribkowsky, the majority shareholder of SLEC holdings.Jun.16 (GMM) Gerhard Gribkowsky could be close to admitting his involvement in the Formula 1 bribery affair involving Bernie Ecclestone.

The former banker has been at the centre of the scandal, with German prosecutors alleging that he received millions in bribes from the F1 chief executive relating to the sport’s sale years ago.

81-year-old Ecclestone, who was also under investigation and has appeared as a witness, claims he was “shaken down” by Gribkowsky.

The Financial Times now reports from Frankfurt that Gribkowsky and his lawyers are currently in talks with prosecutors that could conclude the case.

Closing arguments were postponed on Friday because of the talks, with a court spokesman revealing that Gribkowsky is probably deciding whether to admit his involvement.

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