5:11 am - Wednesday December 13, 2017

Ecclestone claims has `difficulty in remembering` details about alleged F1 stake sale

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Ecclestone claims has `difficulty in remembering` details about alleged F1 stake saleEcclestone claims has `difficulty in remembering` details about alleged F1 stake sale
Ecclestone claims has `difficulty in remembering` details about alleged F1 stake sale

London – Formula One chief Bernie Ecclestone has claimed that he has ‘difficulty in remembering’ details about his F1 reign when he was questioned over allegations that he had made corrupt payments to a jailed German banker to facilitate the sale of Formula One.

German media group Constantin Medien had claimed that banker Gerhard Gribkowsky ‘assisted’ Ecclestone to facilitate the sale of an important stake in F1 Group by his bank BayernLB to a ‘purchaser chosen by Ecclestone’ – private equity group CVC Capital Partners.

According to The Guardian, Ecclestone said that he is ‘still learning’ about F1, adding that as he finds it difficult to remember what he had done last week, it would be even more difficult for him to remember what happened almost a decade ago.

Ecclestone also had difficulty remembering a meeting he allegedly had last year, at the time of the jailing of Gribkowksy, with the report saying that Ecclestone and three other parties are accused of paying 44 million dollars in bribes to Gribkowsky to undervalue F1 when it was sold to CVC.

Insisting his innocence, Ecclestone also said that it is not possible for him to remember a meeting that he was alleged to have last year given that he has to attend hundreds of meetings a month.

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