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German bank sues Ecclestone for 345 million
Bernie Ecclestone in court
German bank BayernLB is seeking 345 million in a lawsuit against Formula One magnate Bernie Ecclestone over the 2006 sale of the sport's rights, according to a report.
German press agency DPA say the Bavarian bank has filed a fresh suit in Munich against the 84-year-old Ecclestone, the chief executive officer of Formula One.
The Bavarian state bank, who were unavailable for comment on Friday, accuses the British billionaire of bribing one of its executives to influence the 2006 sale of Formula One's rights. Meanwhile Ecclestone has counter-sued BayernLB by filing a suit in London, according to reports.
In August, Ecclestone avoided a possible prison sentence by...
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11y ago from GrandPrix247.com
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