Originally written on Fox Sports  |  Last updated 10/14/14
Bernie Ecclestone has taken the stand at the High Court in London to defend himself against allegations he made a ''corrupt payment'' to protect his position running Formula One. Former F1 shareholder Constantin Medien, a German media company, is suing Ecclestone and other defendants for up to $144 million, claiming F1 was undervalued at the time the BayernLB bank sold its stake. Ecclestone is accused of making a ''corrupt bargain'' with BayernLB's Gerhard Gribkowsky, paying $44 million to ensure the bank's 47 percent stake was sold in 2005 to a buyer of Ecclestone's choosing, investment group CVC Capital Partners.
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