News Details

Ecclestone to be cleared after £60m payment

Bernie Ecclestone looks likely to avoid any further investigation into whether or not he paid a bribe to German banker Gerhard Gribkowsky in 2005 after agreeing an out-of-court settlement. The 83-year-old billionaire will pay £60 million ($100m) to the state of Bavaria in what is believed to be Germany's largest ever settlement. It is expected the news that the charges will be dropped will be confirmed on Tuesday, ending a two-year trial which wasn't expected to reach a final conclusion until late-September. "It seems that we will be successful in the settlement," Ecclestone's laywer Sven Thomas told the Indepedent. "The amount is not confidential. They are talking...
Full Story »
11mo ago from TheF1Times.com 0
Share

You May Also Be Interested In...

Settlement of German Ecclestone bribery case possible...

Settlement of German Ecclestone bribery case possible – courtPosted...
1y ago from ThisIsF1.com

Ecclestone to keep F1 job after $100m court deal

Ecclestone to keep F1 job after $100m court dealPosted On 02 Aug 2014By :...
1y ago from ThisIsF1.com

Ecclestone set for $100-million settlement

Formula One tycoon Bernie Ecclestone is heading for a $100 million...
11mo ago from SuperSport.com

Ecclestone bribery case could be settled

German prosecutors held talks on Tuesday with lawyers for Formula One...
1y ago from SuperSport.com

Elsewhere On The Network

Popular On MotoGPToday.com

Laverty pragmatic as he loses out on Aprilia MotoGP...

Michael Laverty is disappointed he isn’t going to be able to show his...
1h ago from BikeSportNews.com

Rossi smashes another record

Current MotoGP World Championship leader Valentino Rossi has broken Angel...
1d ago from MotoGP.com

Honda chasing 700th GP victory

The Japanese manufacturer currently has 698 GP victories across all...
14h ago from MotoGP.com

Q&A with Mahindra Racing CEO Mufaddal Choonia

Mahindra Racing’s CEO looks back on the season so far and discusses the...
14h ago from MotoGP.com

Popular On IndyCarToday.com

Rahal scores blistering win as Montoya stumbles

Hometown hero Graham Rahal has scorched to the finest win of his career...
1h ago from SpeedCafe.com

Hunter-Reay tops warm-up despite spinning out

Sunday morning's warm-up session at the Mid-Ohio Sports Car Course saw...
7h ago from Crash.net

Rahal Uses Strategy to Win at Mid-Ohio

Graham Rahal used strategy and a timely caution to vault into the lead in...

Mid-Ohio: Sunday warm-up results

Ryan Hunter-Reay tops warm-up despite spinning out Sunday warm-up times...
7h ago from Crash.net

Popular On TotalWRC.com

Lefebvre excluded from Rally Finland

Frenchman's DS 3 used illegal ECU software
2h ago from WRC.com

Ostberg: Pre-event test "key" to podium

Citroen's Mads Ostberg believes preparation was the “key” to his...
2h ago from Crash.net

Mission accomplished for Hyundai Motorsport with...

Hyundai Motorsport has finished this weekend’s Rally Finland, round 8 of...
7h ago from Motorsport.com

Latvala: This was one of the greatest drives of my life

Volkswagen's Jari-Matti Latvala has branded his drive to his third...
5h ago from Crash.net

Popular On GunnersToday.com

Arsenal 'to extend Nacho Monreal contract'

Arsenal will completely agree a new deal with Spanish left-back Nacho...
3h ago from SportsMole.co.uk

Player Ratings: Arsenal vs. Chelsea

Alex Oxlade-Chamberlain's first-half strike was enough for Arsenal to...
5h ago from SportsMole.co.uk

“I thought the best team lost but Arsenal defended...

Chelsea boss Jose Mourinho paid credit to Arsenal’s defensive...
4h ago from TalkSport.com

Comments

comments powered by Disqus

Hottest News

Recent News

2014 GPToday.com
GPToday.com is not responsible for the news headlines and associated descriptions and images it indexes, the content of externally linked sites or the comments & postings of its users.

This website is unofficial and is not associated in any way with the Formula One group of companies. F1, FORMULA ONE, FORMULA 1, FIA FORMULA ONE WORLD CHAMPIONSHIP, GRAND PRIX and related marks are trade marks of Formula One Licensing B.V.