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Munich court accepts bribery case against Ecclestone, trial to start in April

Discussion in 'F1' started by Far Out, Jan 16, 2014.

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  1. VIZSLA

    VIZSLA Four Time F1 World Champ
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    #51 VIZSLA, Jan 26, 2014
    Net savvy?

    Still with the peat powered Mac?

    ;)
     
  2. Fast_ian

    Fast_ian Two Time F1 World Champ

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    #52 Fast_ian, Jan 26, 2014
    :p :)
     
  3. Far Out

    Far Out F1 Veteran

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    #53 Far Out, Jan 26, 2014
    Quote Autobild: "In the consulting contract between Ecclestone and BayernLB, signed by Gribkowsky, Ecclestone is assured certain rights for the sale of the [F1] shares. Especially one point is a sign for sheanigans between [Ecclestone and Gribkowsky]. Lawyers with F1 affinity rate the document as highly risky because 'no bank in the world would get into such a deal, and because this contract would additionally be at the expense of someone else, namely the future buyer'".

    That's the last thing that will happen! All they want to do is unload the responsibility for the BayernLB disaster(s) (there were a lot of scandals over the last years) on someone who is not a party member. A famous scapegoat like Ecclestone, perfect.

    (That being said, I don't doubt for a minute that he bribed the hell out of Gribkowsky!)
     
  4. Fast_ian

    Fast_ian Two Time F1 World Champ

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    #54 Fast_ian, Jan 26, 2014
    Hmm.... Obviously, I have no idea about German law, but that (certain rights in any sale) seems perfectly normal to me..... The seller(s) ensure, eg, existing directors get paid, maintain their positions, and/or shares etc in the new outfit and so on.

    Again, very interesting. If Gribkowksy was, as it seems, an officer of the bank he may just have done exactly that!

    OK! Gotcha!

    Damn politicos trying to cover their asses in the usual fashion..... ;)

    Cheers,
    Ian
     
  5. Far Out

    Far Out F1 Veteran

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    #55 Far Out, Jan 26, 2014
    It would be quite unusual to hire a consultant and then grant loads of rights to that consultant, at the expense of the future buyer, no? Especially when it's a nine to ten figure deal...

    Edit: "the sale of the shares" in the Autobild quote refers to BayernLB as the seller, Ecclestone only shows up as a consultant here!
     
  6. Fast_ian

    Fast_ian Two Time F1 World Champ

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    #56 Fast_ian, Jan 26, 2014
    I'm not sure - Maybe one for the gurus up in the business forum, but my immediate reaction is 'no'....

    These consulting companies (or individuals if you're good! ;) ) are *masters* of getting 'money' (shares, positions, pensions, golden parachutes etc) for their clients and themselves. And often the buyer (happily) pays, one way or another......

    Cheers,
    Ian
     
  7. DF1

    DF1 Three Time F1 World Champ

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    #57 DF1, Jan 27, 2014
    What does that GT4 need now?? :)
     
  8. DF1

    DF1 Three Time F1 World Champ

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    FRA - nice city with a really big airport :)
    #58 DF1, Jan 27, 2014
  9. kraftwerk

    kraftwerk Two Time F1 World Champ

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    #59 kraftwerk, Jan 27, 2014
    A good driver ...;)
     
  10. VIZSLA

    VIZSLA Four Time F1 World Champ
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    #60 VIZSLA, Jan 27, 2014
    Exercise.

    It's running great but we're closing on the new house today and will have our hands full for a bit moving in.
     
  11. DF1

    DF1 Three Time F1 World Champ

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    #61 DF1, Jan 27, 2014
    Cruel very cruel! :)
     
  12. DF1

    DF1 Three Time F1 World Champ

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    #62 DF1, Jan 27, 2014
    Congratulations and I hope it all goes well!
     
  13. VIZSLA

    VIZSLA Four Time F1 World Champ
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    #63 VIZSLA, Jan 27, 2014
    With friends like you who needs hemorrhoids.

    :D
     
  14. VIZSLA

    VIZSLA Four Time F1 World Champ
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    #64 VIZSLA, Jan 27, 2014
    Thanks.
    Just returned. My spell as one of the homeless is over.
     
  15. Far Out

    Far Out F1 Veteran

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    #65 Far Out, Jan 27, 2014
    Gribkowsky and some of his colleagues are in front of a court again from today on. This time, it is about the Austrian bank Hypo Group Alpe Adria.
    When BayernLB failed to buy the Bawag bank years ago, the Bavarian finance minister announced in the public that the management is too stupid to buy another bank. To make up for that insult, they tried to buy the HGAA - in the end, they overpaid by about 500 million (apparently because the Austrians manipulated the books) and had to bribe the notorious Austrian politician Jörg Haider by sponsoring his favorite football club with 240 million.
    HGAA then crashed spectacularly, and BayernLB sold it back to Austria for 1€. Again the Bavarian government wants to see blood and sues a) the management and b) various Austrian entities.
     
  16. DF1

    DF1 Three Time F1 World Champ

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    #66 DF1, Jan 27, 2014
    Only shows how Bernie was black mailed even more. This bank and officers are on record paying bribes themselves and Bernie is the issue LOL??! BayernLB needs help to say the least lol!
     
  17. DF1

    DF1 Three Time F1 World Champ

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    #67 DF1, Feb 20, 2014
  18. kraftwerk

    kraftwerk Two Time F1 World Champ

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    #68 kraftwerk, Feb 20, 2014
  19. Far Out

    Far Out F1 Veteran

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    #69 Far Out, Feb 20, 2014
    That was a different, but related case - a media company sued Bernie. In respect to the BayernLB case, which was not part of that trial, the UK judge said...

    So one judge - in a different country and in an unrelated case - already thinks that Bernie is guilty of bribing Gribkowsky. If there are effects on the Munich trial, they won't be positive.
     
  20. DF1

    DF1 Three Time F1 World Champ

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    #70 DF1, Feb 20, 2014
    Yes I saw that on the BBC. More drama to arrive Im sure!
     
  21. VIZSLA

    VIZSLA Four Time F1 World Champ
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    #71 VIZSLA, Feb 20, 2014
    Thanks. I thought that I had miss read it when everyone was saying it was a positive development.
     
  22. 4rePhill

    4rePhill F1 Veteran

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    #72 4rePhill, Feb 20, 2014
    The judge who will be presiding over Bernie's case in Munich also presided over the Gribkowsky trial and he stated then that although he had found Gribkowsky guilty, he was sure that the real villain of the piece was Bernie, so Bernie stands no chance of getting a fair trial because the judge has made his mind up already!

    Judge Newey's assessment of Bernie's character and what he felt really occurred between Bernie and Gribkowsky will now convince the German Judge that his opinion is already correct and so Bernie stands even less of a chance of receiving a fair trial.

    Frankly, based on the German Judges statements about Bernie so far, I think his trial in Germany is going to be a modern version of dropping suspected witches into a river and decided that if they drown then they are innocent, but if they float then they are guilty of being a witch and must be burnt at the stake!
     
  23. Axecent

    Axecent Formula 3

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    #73 Axecent, Feb 22, 2014
  24. Fast_ian

    Fast_ian Two Time F1 World Champ

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    #74 Fast_ian, Mar 5, 2014
    Seems the prosecutors have agreed to make the trial 'part time' so as to allow him to continue running F1;

    I certainly don't know the German legal system, but that seems very unusual to me. (Florian?)

    Cheers,
    Ian
    Ecclestone reveals bribery trial will be 'part-time' to fit F1 calendar - Pitpass.com
     
  25. Far Out

    Far Out F1 Veteran

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    #75 Far Out, Mar 5, 2014
    My lawyer friend from the heart of Bavaria says hello. Schedule agreements are not unusual if the defendant is for example self employed and it suits the general planning of the court.
     
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