According to The Guardian, The Munich state court says the 83-year-old Ecclestone is to be tried on charges of bribery. His charge: incitement to breach of trust connected to the alleged payment of a £33m bribe to a German banker, who is serving a jail sentence for receiving the money.
Prosecutors say the alleged bribe was offered to ensure Formula One was sold to a private equity group of Ecclestone's choice. Ecclestone has admitted to paying the banker, Gerhard Gribkowsky, but claims he was effectively the victim of blackmail.
Ecclestone's trial is set to start in April this year. He's since stepped down as the F1 director, pending the outcome of the trial.
This pending case has certainly cast the spotlight on bribery in the workplace. And it would be a big mistake if you simply ignored it and didn't address the issue of bribery in the workplace.
When it comes to bribery, prevention is better than cure. And it's all about establishing systems.
Here's how to ensure your employees aren't receiving bribes
You NEED to have a gifts and bribes policy. This'll help ensure your employees aren't acting fraudulently and accepting or giving gifts as bribes.
Your policy must include details on:
Your gifts and bribes policy must provide clarity on the following issues:
You need to be very clear on the issues and the consequences that'll follow if an employee's guilty of corruption.
Ecclestone's pending bribery trial highlights the prevalence of bribery in the workplace and the fact that no company is immune to it. So make sure you take steps to prevent bribery in your workplace.
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