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Bernie Ecclestone faces inquiry calls from shadow attorney general

12 December 2013 Last updated at 21:13 GMT

Shadow attorney general Emily Thornberry has called for a Serious Fraud Office inquiry into the financial affairs of Formula One boss Bernie Ecclestone.

Mr Ecclestone stands accused in a High Court civil case of a "corrupt agreement" with German banker Gerhard Gribkowsky and of conspiring to deliberately undervalue F1 when it was sold in 2006 to private equity group CVC, in order to retain control of the sport.

He denies the claims and says he paid Gribkowsky £10m because he was being threatened over his tax affairs.

Labour MP Ms Thornberry told BBC Newsnight that she had first asked the SFO to investigate Mr Ecclestone two years ago but had not heard anything back.

Watch Dan Roan's Newsnight film in full on Thursday 12 December at 22:30 GMT on BBC Two, and then later on the BBC iPlayer.

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