Swiss prosecutors have begun a criminal investigation into the Formula One bribery scandal, potentially opening another front in the legal battles being fought by F1 chief executive Bernie Ecclestone.
Prosecutors in Geneva will examine the circumstances of a $44m payment to German banker Gerhard Gribkowsky, who worked on the motorsport’s sale to private equity group CVC in 2006. Some former F1 stakeholders claim the deal undervalued the company.
The money was paid to Mr Gribkowsky by Mr Ecclestone, the longstanding F1 chief executive and Bambino, the Swiss-based Ecclestone family trust.
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