Germany Breaking News: Formula One Chief Indicted on Bribery Charges

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Germany Breaking News: Formula One Chief Indicted on Bribery Charges

Germany Breaking News: Formula One Chief Indicted on Bribery Charges
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Germany Breaking News: Formula One Chief Indicted on Bribery Charges

by Wochit 1:02 mins

Bernie Ecclestone, the 82-year-old Englishman who controls the commercial-rights to the Formula One racing series, has been indicted in Germany in a seven-year-old bribery affair. Ascot Elite has signed a wide-ranging distribution deal with Paramount Pictures Germany that will see the studio distribute and co-market titles with the Swiss indie distributor. The first three titles to fall under the new deal are Nimrod Antal's concert documentary Metallica ? Through the Never, Joseph Gordon Levitt's directorial debut and Sundance hit Don Jon's Addiction and the family entertainment title Belle & Sebastian. Germany's second-largest bank is selling its British real-estate financing business, including 5 billion euros ($6.5 billion) in loans, to a consortium of Wells Fargo and Lone Star Funds.

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