Former BayerhnLB chief risk officer, Gerhard Gribkowsky, was sentenced today to 8.5 years in prison for his involvement in the sale of Formula One to CVC Capital.
Presiding judge Peter Noll convicted Gribkowsky of tax evasion, bribery and breach of fiduciary trust and a confession from the former banker leveled bribe accusations at Formula 1 boss Bernie Ecclestone. Ecclestone maintains he was innocent and a victim of a shake down by Gribkowsky.
The Munich court passed the sentence today and our sources tell us that Gribkowsky’s own attorneys called on prosecutors to go after Eccelstone for his role in the incident.
