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CVC Didn’t Know of F1 Payments to Gribkowsky, Court Told
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CVC Capital Partner Ltd.’s managing partner told a Munich court he wasn’t informed about payments made to former Bayerische Landesbank Chief Risk Officer Gerhard Gribkowsky over the 2005 sale of Formula One racing.
Donald MacKenzie, who testified at Gribkowsky’s bribery trial in Munich today, said he and CVC only heard about the issue when the German press reported it a year ago. MacKenzie said Formula One Chief Executive Officer Bernie Ecclestone first told him he didn’t know about the payments before explaining them at a Feb. 2 meeting.