Wednesday 1 June 2011

William flew round

If a man has a stubborn and rebellious son who does not obey his father and mother and will not listen to them when they discipline him, his father and mother shall take hold of him and bring him to the elders at the gate of the town. They shall say to the elders, 'This son of ours is stubborn and rebellious. He will not 
obey us. He is a profligate and a drunkard.' Then all the men of his town shall stone him to death...

Blows and wounds cleanse away evil, and beatings purge the inmost being. The rod of correction imparts wisdom, but a child left to himself disgraces his mother.

 Deuteronomy 5:9 
"for I, the LORD your God, am a jealous God, punishing the children for the sin of the fathers to the third and fourth generation of those who hate me."
Deuteronomy 24:16
"Fathers shall not be put to death for their children, nor children put to death for their fathers; each is to die for his own sin."


William flew round

 The man who was in-strumental in negotiating this fiendishly complicated deal? Mr Gribkowsky.faces one of the the biggest corporate corruption cases in German history and could even lose control of the sportThe Times has spoken to key players, who say that CVC bosses are increasingly anxious — “terrified”, one source said — about the damage the bribery allegations could cause. None, however, is prepared to speak on the record for fear of making the panic public. Anxiety is mounting in the boardroom of Mr Ecclestone’s key backers. According to insiders, they are finally beginning to lose patience with the former car dealer, who has survived crisis after crisis and managed to smooth the conflicting interests of the industry for the best part of five decades. The Times has seen documents that purport to show that Mr Ecclestone paid Mr Gribkowsky millions of dollars. The German claims that they were consultancy fees. CVC had no knowledge of any such fees, and bosses are said to be furious about the alleged payments they were not told about. So far no one has been able to explain what the money was for, or where it came from. At the centre of the case are unexplained payments of $50 million transferred to Mr Gribkowksy from two offshore companies — in Mauritius and the British Virgin Islands — in 2006 and 2007. It is unknown who controls these companies, but the investigation has raised questions about whether the money came from Bambino Holdings, Mr Ecclestone’s Jersey-registered family trust. The Times has seen a confidential letter, addressed to Mr Ecclestone’s office in Kensington, London, from Mr Gribkowsky’s company in Austria, dated December 14, 2007. It hints at a strained relationship between the two men, complaining that a previously agreed sum is still more than $2 million short. “We have notified you that despite [. . .] the Agreement your payments were always late,” it says.

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