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Banker testifies that Ecclestone bribed

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MUNICH (AP) - A German banker has told a Munich court that he accepted a multi-million dollar bribe from Formula One boss Bernie Ecclestone to facilitate a business deal.

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Gerhard Gribkowsky, the prosecution's star witness in Ecclestone's corruption trial, testified Tuesday that Ecclestone initially approached him suggesting the deal be made in Singapore.

Gribkowsky testified he ''understood Ecclestone knew a lot of people there, among them the head of police.''

Gribkowsky, who has been convicted of taking the money, says in the end he was paid $44 million, allegedly to facilitate the sale of Munich-based bank Bayern LB's 47 percent stake in F1 to a buyer of Ecclestone's liking.

Ecclestone says he was blackmailed into making the payment, but Gribkowsky told the court he was no ''evil extortionist.''

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The Associated Press News Service

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The Associated Press
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