Posted on June 27, 2012
Gerhard Gribkowsky, the banker from Bayern LB who was once chairman of the F1 holding board, has been convicted of corruption and sentenced to eight and a half years in jail. According to Reuters this evening, “Presiding judge Peter Noll convicted BayernLB’s former chief risk officer Gerhard Gribkowsky of tax evasion, bribery and breach of fiduciary trust in a court in Munich. “Noll described the billionaire (Bernie) Ecclestone as the “driving force” behind the payments but said Gribkowsky, in turn, had shown “high criminal energy” ” Prosecutor Christophe Rodler had summed up his case by saying that Ecclestone was “not More…
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