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.
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.
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.
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.
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.
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.