LONDON (AP) — Formula One boss Bernie Ecclestone on Wednesday disputed paying a bribe to ensure he stayed in control of the glamorous motorsport series, and then fabricating the reason to pay a banker.
Under cross-examination at the High Court in London, Ecclestone said he was blackmailed by the banker tasked with selling a significant stake in F1, and paid him off to avoid being reported to the authorities over his tax affairs.
"I made up my mind he needed to be kept quiet," Ecclestone said after claiming he was "shaken down" by BayernLB's Gerhard Gribkowsky.