Gribkowsky admits he accepted bribes from Ecclestone

L-R: Dr Gerhard Gribkowsky (GER) the majority shareholder of SLEC Holdings with Bernie Ecclestone (GBR) F1 supremo with daughters Petra Ecclestone (GBR) and Tamara Ecclestone (GBR). Formula One World Championship, Rd15, Italian Grand Prix, Race Day, Monza, Italy, 4 September 2005. DIGITAL IMAGEJun.20 (GMM) Former F1 banker Gerhard Gribkowsky on Wednesday finally admitted that he had received millions in bribes from the sport’s chief executive, Bernie Ecclestone.

The news from Germany follows recent speculation that Gribkowsky, who now faces years in jail, would make the admission as part of a deal with prosecutors to minimise his sentence.

Ecclestone, 81, has claimed that he paid Gribkowsky the millions amid F1’s sale some years ago because the former BayernLB risk officer ‘shook him down’ by threatening to cause trouble with UK tax authorities.

But DAPD news agency on Wednesday quoted Gribkowsky as telling the Munich state court that the bribery charges were “essentially true”.

Auto Motor und Sport quoted him as saying the amount offered by Ecclestone was “a huge pile of money”.

He recalled a meeting with Ecclestone in which the diminutive Briton asked him to “give me numbers”.

Gribkowsky said “50 million” and ultimately received that amount, although the former banker admitted that he had only expected perhaps $10m.

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