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.
Already a subscriber? Log in.
Limited time offer:
Just RM5 per month.
Cancel anytime. No ads. Auto-renewal. Unlimited access to the web and app. Personalised features. Members rewards.
Follow us on our official WhatsApp channel for breaking news alerts and key updates!