Ecclestone bribery case delayed

Ecclestone bribery case delayed

Formula 1

Ecclestone bribery case delayed

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German prosecutors have delayed until next year a decision on whether to try Formula 1 commercial boss Bernie Ecclestone on bribery charges, it was announced on Friday.

Ecclestone was indicted in July on charges that relate to the sale of F1 to CVC in 2005. German banker Gerhard Gribkowsky was jailed for eight and a half years for corruption over the matter, which relates to a $44 million payment he received from Ecclestone.

A decision on whether or not to take Ecclestone to trial was expected this month, but a court statement on Friday said that it has postponed matters while it awaits additional information from the Briton’s lawyers. Furthermore, with the panel of judges who are presiding over the matter set to change, the Munich court said the next step would not be finalized until 2014.

Ecclestone has made it clear several times that he believes he never did anything wrong, and made the payment because if he did not Gribkowsky had threatened to make false allegations to Britain’s tax authorities.

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