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Gerhard Gribkowsky

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Gerhard Gribkowsky

1958 – 2026 · aged 68 · Bank executive

“BayernLB risk chief at the centre of the Formula One bribery case, later killed in a motorcycle crash.”

Portrait: Sven Hoppe / dpa

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Gerhard Gribkowsky was a German bank executive who sat on the board of Bayerische Landesbank (BayernLB) from 2003 to 2008 and later became internationally known for his role in the sale of the bank's Formula One shares. A Munich court sentenced him in 2012 to eight and a half years…

Gerhard Gribkowsky was a German bank executive who sat on the board of Bayerische Landesbank (BayernLB) from 2003 to 2008 and later became internationally known for his role in the sale of the bank's Formula One shares. A Munich court sentenced him in 2012 to eight and a half years in prison for taking bribes, breach of trust and tax evasion. He died on 4 October 2026 in a motorcycle crash near Schwarzau im Gebirge in Lower Austria. He was 68.

Born in Hamburg on 16 April 1958, he trained at Siemens, studied law at the University of Freiburg and took a doctorate in 1988. He worked at Deutsche Bank until 2002, including as a regional managing director for Bavaria, before joining BayernLB's board as risk chief. In that post he handled the bank's large Formula One holding, which it had taken as security after the Kirch media group's collapse, and in 2005-2006 steered the sale of those shares to the CVC-backed Alpha Prema vehicle supported by Bernie Ecclestone. BayernLB received about 837 million dollars for its stake.

Between 2006 and 2007 about 44 million dollars flowed to Gribkowsky's Austrian consultancy under advisory contracts linked to the deal. He disclosed a related private foundation to prosecutors in late 2010 after press inquiries. Arrested in January 2011, he was convicted by the Landgericht Munchen I on 27 June 2012. The judgment became final in 2013. He was released early in March 2016 after serving roughly two thirds of the sentence, having worked as a day-release employee for the Austrian builder Strabag while still imprisoned. He later served as a volunteer church assistant in Munich-Neuhausen.

On 4 October 2026 he was riding on Bundesstrasse 27 in the Hollental toward Reichenau when his motorcycle left the road, struck a drain cover and threw him several metres. Passers-by gave first aid; he died at the scene. Austrian police first reported the crash without naming him; Bild and other outlets identified him days later. His former lawyer told Bild he had returned to ordinary life after prison and called the accident tragic for him and his family.

Biography adapted from German Wikipedia (CC BY-SA 4.0); Bild; Augsburger Allgemeine (Lea Kramer, 16 Oct 2026); oe24; manager magazin. Wikipedia ↗

In their own words

“He had found his way back into ordinary civic life after his conviction and the sentence he served. That this tragic accident has now happened is very sad for him and his family.”

Former counsel, quoted by Bild, October 2026 (English rendering of German press)

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Gerhard Gribkowsky
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I remember my dad reading out the 44 million dollar figure from the newspaper in 2012 and just shaking his head. Wild that this is how it ends, a motorcycle crash in Austria at 68.

Hayley Bell1h ago

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Same, my uncle followed that trial closely. Sad way to go either way.

Candles

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6 people are remembering Gerhard here. Every candle here is someone saying they were glad Gerhard lived. No account needed; it takes a moment and it stays here.

No account needed.
Maeve Howard🇺🇸2h ago
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Early life and education

Gerhard Gribkowsky was born in Hamburg on 16 April 1958. His father sat on the board of the Beck's brewery. After a traineeship at Siemens from 1979 to 1981 he studied law at the Albert-Ludwigs-Universitat Freiburg and received a doctorate in 1988. He then joined Deutsche Bank, rising to regional management for Bavaria and overseeing risk positions in several industry…

Gerhard Gribkowsky was born in Hamburg on 16 April 1958. His father sat on the board of the Beck's brewery. After a traineeship at Siemens from 1979 to 1981 he studied law at the Albert-Ludwigs-Universitat Freiburg and received a doctorate in 1988. He then joined Deutsche Bank, rising to regional management for Bavaria and overseeing risk positions in several industry sectors worldwide before leaving in 2002.

Career at BayernLB and the Formula One sale

From 2003 until 2 April 2008 Gribkowsky was a member of the BayernLB board in Munich, responsible for risk. The publicly owned Landesbank had become a major Formula One shareholder after taking KirchMedia shares as loan collateral. From late 2003 Gribkowsky sat on Formula One company boards for the bank and pushed to find a buyer. On 25 November 2005…

From 2003 until 2 April 2008 Gribkowsky was a member of the BayernLB board in Munich, responsible for risk. The publicly owned Landesbank had become a major Formula One shareholder after taking KirchMedia shares as loan collateral. From late 2003 Gribkowsky sat on Formula One company boards for the bank and pushed to find a buyer.

On 25 November 2005 Alpha Prema, backed by CVC Capital Partners and supported by Bernie Ecclestone, took BayernLB's Formula One stake for about 837 million dollars, and soon consolidated control. The same day Gribkowsky's GG Consulting was registered in Austria. In 2006-2007 that firm received roughly 44 million dollars under advisory contracts from offshore vehicles. He also sat on boards including Formula One Administration, Deutsche Kreditbank, Strabag and Zublin, and was a director at Hungary's MKB Bank.

Separately, BayernLB's purchase of Hypo Alpe Adria produced huge losses; Gribkowsky was removed from the board on 2 April 2008. Civil claims of hundreds of millions of euros against former board members followed; a related criminal case against him was later dropped in light of the Formula One sentence.

Personal life

Gribkowsky lived in Grunwald near Munich until his arrest and had three adult children from a first marriage. After early release he continued work connected with Strabag, where he had already been employed during day release from prison. From March 2019 he served as an unpaid volunteer assistant (Messner) at the Protestant Christuskirche in Munich-Neuhausen.

Gribkowsky lived in Grunwald near Munich until his arrest and had three adult children from a first marriage. After early release he continued work connected with Strabag, where he had already been employed during day release from prison. From March 2019 he served as an unpaid volunteer assistant (Messner) at the Protestant Christuskirche in Munich-Neuhausen.

Death

On 4 October 2026 Gribkowsky was riding a motorcycle on Bundesstrasse 27 toward Reichenau in the Hollental near Schwarzau im Gebirge, Lower Austria, when he left the carriageway. The front wheel hit a roadside drain cover and he was thrown several metres. Witnesses called emergency services; he died at the scene. He was 68. Austrian reports first described an unnamed…

On 4 October 2026 Gribkowsky was riding a motorcycle on Bundesstrasse 27 toward Reichenau in the Hollental near Schwarzau im Gebirge, Lower Austria, when he left the carriageway. The front wheel hit a roadside drain cover and he was thrown several metres. Witnesses called emergency services; he died at the scene. He was 68. Austrian reports first described an unnamed 68-year-old; Bild and other German outlets named him around 16 October. His former counsel told Bild that after prison he had found his way back into ordinary life and that the crash was deeply sad for him and his family. No separate medical cause beyond the crash injuries was published.

Legacy

Gribkowsky's name remains tied to one of Formula One's largest corruption cases: a BayernLB risk chief who took tens of millions of dollars around the CVC sale and received a lengthy prison term. The episode damaged the state bank's reputation and featured in the wider Ecclestone-era ownership story. After release he kept a lower public profile, returning to construction-related work…

Gribkowsky's name remains tied to one of Formula One's largest corruption cases: a BayernLB risk chief who took tens of millions of dollars around the CVC sale and received a lengthy prison term. The episode damaged the state bank's reputation and featured in the wider Ecclestone-era ownership story. After release he kept a lower public profile, returning to construction-related work and church volunteering in Munich, until the motorcycle crash in Austria ended his life.

Questions people ask about Gerhard

Who was Gerhard Gribkowsky?
Gerhard Gribkowsky was a German banker who sat on the BayernLB board from 2003 to 2008 and was later convicted over payments linked to the sale of the bank's Formula One shares.
When did Gerhard Gribkowsky die?
He died on 4 October 2026 in a motorcycle crash near Schwarzau im Gebirge in Lower Austria. German outlets including Bild named him around 16 October.
How did Gerhard Gribkowsky die?
He died at the scene of a motorcycle crash on Bundesstrasse 27 in the Hollental. His bike left the road, hit a drain cover and threw him several metres.
How old was Gerhard Gribkowsky?
He was 68. He was born in Hamburg on 16 April 1958.
Why was Gerhard Gribkowsky sent to prison?
The Landgericht Munchen I sentenced him on 27 June 2012 to eight and a half years for taking bribes as a public official, breach of trust and tax evasion over about 44 million dollars received around the BayernLB Formula One share sale.
What was the Formula One connection?
As BayernLB risk chief he oversaw the sale of the bank's Formula One stake to a CVC vehicle backed by Bernie Ecclestone in 2005-2006. Prosecutors and the court found he took large payments tied to that deal.
When was he released from prison?
He was released early in March 2016 after serving about two thirds of the sentence. From 2013 he had been on day release, working for Strabag.
Where can I read more?
The German Wikipedia article Gerhard Gribkowsky summarises his career and trial; contemporary reports include Bild, Augsburger Allgemeine, manager magazin and oe24.

Written by People Forever from Wikipedia (CC BY-SA 4.0) and the reporting cited. Updated . Spotted a mistake? Tell us.

Timeline

  1. 16 April 1958
    Born in Hamburg, Germany
  2. 16 April 1958
    Born in Hamburg
  3. 1 January 1988
    Doctorate in law, University of Freiburg
  4. 1 January 2003
    Joined BayernLB board (risk); to April 2008
  5. 25 November 2005
    Alpha Prema takes BayernLB Formula One stake; GG Consulting registered
  6. 2 April 2008
    Removed from BayernLB board
  7. 5 January 2011
    Arrested in Munich
  8. 27 June 2012
    Sentenced to eight and a half years
  9. 1 March 2016
    Early release from prison
  10. 1 March 2019
    Began volunteer church role in Munich-Neuhausen
  11. 4 October 2026
    Died in motorcycle crash in Lower Austria, aged 68
  12. 4 October 2026
    Died in Schwarzau im Gebirge, Lower Austria, Austria
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