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    Thread: Mercedes F1 Team Quiting?

    1. Member
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      07-01-2012 09:19 PM #1
      The Mercedes F1 team's owners have reportedly demanded a 'full investigation' into the F1 sale bribery case, which could result in the company leaving the sport.

      Having been found guilty of taking nearly $44 million in bribes and failing to pay tax on the money, former banker Gerhard Gribkowsky was on Wednesday jailed for eight and a half years by a Munich court.

      The charges related to his part in the sale of Formula One rights from German bank BayernLB to CVC, in which he allegedly received cash bribes from Bernie Ecclestone.

      And although Ecclestone faces no charges and denies having bribed Gribkowsky, the Daimler Group have reportedly demand an investigation into the events.

      According to Handelsblatt newspaper, Daimler "does not tolerate the immoral or corrupt practices of its employees or its business partners."

      The paper added that there could be "serious consequences" that could include Daimler, and therefore Mercedes, withdrawing from Formula One.

      Source: Planetf1.com

    2. 07-02-2012 05:38 PM #2
      I wonder if this would be limited to the team or would they leave completely, ie including being an engine supplier?

    3. Member 24vEngineer's Avatar
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      07-02-2012 07:24 PM #3
      Quote Originally Posted by gizmopop View Post
      I wonder if this would be limited to the team or would they leave completely, ie including being an engine supplier?
      That would suck royally! I wonder if VAG would step in and take their place as an engine supplier since their would be 3 teams without engines...

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      07-02-2012 08:56 PM #4
      Form is temporary; Class is permanent

    5. Member wiredvw's Avatar
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      07-03-2012 09:37 AM #5
      Quote Originally Posted by kfzmeister View Post
      Yeah don't most public companies in and out of F1 have formal "anti-corruption" policies?

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