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SBD Global/December 16, 2013/Leagues and Governing Bodies

F1 CEO Bernie Ecclestone Faces Call For Probe Of His Financial Affairs

An MP is "calling for a Serious Fraud Office probe" into the financial affairs of F1 CEO Bernie Ecclestone, according to the BBC. It comes as a seven-week civil case over an £85M ($140M) damages claim against Ecclestone concludes. He "denies making corrupt payments to facilitate the sale of F1," and said that he paid a German banker £10M ($16M) "because he was threatened over his tax affairs." Shadow Attorney General Emily Thornberry said that U.K. authorities "had a duty to investigate." The Labour MP said, "We cannot just walk away from this case. It does seem to me that we have a duty to investigate this. What is the Serious Fraud Office for if not for investigating cases like this?" (BBC, 12/12).
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