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Wednesday, 20 July 2011

Why am I not surprised?

Some nebbish of a chief risk officer ata German Landesbank pocketed a cool $44 million paid into his 2 Austrian companies by a Mr Bernard E and the Bambino Trust. At the same time, the German Landesbank paid $41 million to Bernard Ecclestone and $25 million to Ecclestone family trusts by way of "commission" for the arrangement of the sale of the Landesbank's shares in F1 to CVC.

An open and shut case of graft, allegedly.

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