Ecclestone rejects German firm's allegation of corrupt F1 sale


Bernie Ecclestone arrives at the world premiere of Rush at a cinema in Leicester Square, central London, September 2, 2013. REUTERS/Toby Melville

LONDON (Reuters) - A firm's claim for more than $100 million (62 million pounds) in damages from Bernie Ecclestone is far-fetched and relies on confessions from a jailed banker who is a "fantasist", a lawyer for the Formula One boss argued on Wednesday.

German media firm Constantin Medien alleges that Ecclestone and three other defendants deliberately undervalued Formula One when German bank BayernLB sold its 47 percent stake in the sport to CVC Capital Partners for $830 million in 2005.

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