Formula One Chief Executive Bernie Ecclestone arrives in court in Munich July 15, 2014. REUTERS/Michaela Rehle
MUNICH Germany (Reuters) - Formula One boss Bernie Ecclestone told a court on Tuesday that a multi-million dollar payment to a jailed German banker was designed to buy the man's silence and not linked to the sale of the motor sport business.
Given detailed evidence for the first time in his bribery trial, Ecclestone repeated earlier statements that the payment to former BayernLB chief risk officer Gerhard Gribkowsky was an insurance policy after the German put him under pressure over his tax affairs.
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