BayernLB, the Bavarian state bank, has asked Formula One boss Bernie Ecclestone to pay back $40 million in alleged payments made by Gerhard Gribkowsky, its former chief risk officer, who is now in jail. It is also asking Mr E to pay $350 million which it believes was knocked off the price in the deal negotiated by Gribkowsky. The bank decided to act after gaining access to prosecution files from the Gribkowsky trial. This is believed to be the first step in recovering the money.
Is not thought likely that Bernie will write a suitable cheque.