Bernie Ecclestone News
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Honda Motor Co. will return to Formula One as an engine supplier to help develop its technology after exiting the racing series in 2008.
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Former Bayerische Landesbank Chief Risk Officer Gerhard Gribkowsky said he didn’t receive a summons in a New York lawsuit against Formula One Chief Executive Officer Bernie Ecclestone over sale of an F1 stake.
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Former Bayerische Landesbank Chief Risk Officer Gerhard Gribkowsky and Munich prosecutors dropped appeals against his conviction for bribery, Germany’s top criminal court said.
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Bernie Ecclestone is struggling to get the Chinese interested in Formula One even as Ferrari SpA, which runs the auto-racing series’ most-successful team, lures the country’s elite with $970,000 luxury cars.
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The U.K.’s Bernie Ecclestone, accused of paying a bribe to steer a Formula One racing stake to CVC Capital Partners Ltd., says U.S. dollar wire transfers from a Swiss bank to an Austrian bank don’t give U.S. courts jurisdiction in the case, as the plaintiff claimed.
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The U.K.’s Bernie Ecclestone, accused of paying a bribe to steer a Formula One racing stake to CVC Capital Partners Ltd. is subject to the “long-arm jurisdiction” of New York law, according to the company making the accusation.
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Formula One boss Bernie Ecclestone ushered team managers into his trailer at the Indianapolis Motor Speedway. Nearby, mechanics tended to an array of million-dollar racing cars.
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Bernie Ecclestone, accused in a New York court of paying a bribe to steer a Formula One racing stake to CVC Capital Partners Ltd., said he has never resided in the U.S. and isn’t subject to U.S. law.
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Formula One Chief Executive Officer Bernie Ecclestone told a court that he believed he had no “alternative” to making payments to Gerhard Gribkowsky as part of the sale Bayerische Landesbank’s stake in the racing series.
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Banker Gerhard Gribkowsky may have taken a $50 million kickback for engineering the sale of Formula One, the world’s most-watched motor sport, German prosecutors say. Who paid that suspected bribe, they aren’t saying.
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