Bernie admits to 2 Billion tax avoidance.

Cryogenic freezing until everybody forgets about it?

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I guess he's in it, neck deep. Let's see if he really is made of Teflon.

And breath !!!!!!

Brilliant

from the ft

http://www.ft.com/cms/s/0/6ffd4140-c040-11e1-982d-00144feabdc0.html#axzz1z0dCQH9j

Hopefully the beginning of the end. As much as Bernie would love to push the concept, no-one's indispensible.

FB I think it would be cheaper than that, fortunately he only needs low security doors.

I'd have thought a cynic would say the timing's perfect!

Maybe its because he's suddenly got 44M (less legal costs) back

Bernie said that he had been worried that if he hadn't paid the money, then Gribkowsky would have alerted the UK tax authorities to "things" that might have led to a tax inquiry.


"The only alternative was that the British tax authorities followed a case that would have been very expensive for me," he had said.

"The tax risk would have exceeded £2bn...I paid him [£28 million] to keep calm and not to do silly things."

source: http://www.monacograndprixvip.com/news/banker-jailed-for-f1-bribes

I don't suppose anyone's bothered considering that Daimler-Benz ("Mercedes" to you and me) have statutes that "...do not tolerate the immoral or corrupt practices of its employees or its business partners".

Bernie is a business partner.

Bernie has admiited paying bribes "corruption" in court under oath.

Mercedes must therefore withdraw from F1 to avoid falling foul of their own by-laws.

... leaving two other teams running around Fred Flintstone style