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F1 boss Bernie Ecclestone rejects bribery charges
Munich, April 24, 2014
First Published: 15:44 IST(24/4/2014)
Last Updated: 15:50 IST(24/4/2014)
Formula One supremo Bernie Ecclestone speaks to the media after meeting with Formula One team officials to discuss the Bahrain F1 race at the Shanghai International Circuit. Formula One teams are reportedly reluctant to race in Bahrain this season amid ongoing concerns over security in the country. AFP Photo/ Mark Ralston

Formula One boss Bernie Ecclestone has rejected accusations of bribery as his trial opened in Germany - telling a Munich court that the German banker at the center of the case didn't tell the truth.

Ecclestone said in a statement read out in German by his lawyers Thursday that he was 'grateful' to be able to give his side of the story.

The 83-year-old Ecclestone is charged with bribery and incitement to breach of trust, and could face up to 10 years in prison if convicted. The charges involve a $44 million payment to banker Gerhard Gribkowsky, who is serving an 8½-year sentence for taking the money.

Gribkowsky is expected to be the main witness. Ecclestone said the banker didn't tell the truth.

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