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Ecclestone trial set to end after settlement

– Formula 1 supremo Bernie Ecclestone has agreed a settlement worth 100 million euros (80 million pounds) with state prosecutors in his bribery case, a Munich court confirmed on Tuesday morning.Ecclestone, 83, went on trial in April over claims that he bribed banker Gerhard Gribkowsky with a $44 million payment as part of the sale of a major stake in the motorsport business to CVC Capital Partners back in 2006.Gribkowsky is currently serving an eight and a half year jail sentence after being charged with bribery, breach of trust and tax evasion. Ecclestone has long denied accusations of corruption, saying he was blackmailed.The state prosecutor has told the court that Ecclestone's...
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11mo ago from GPUpdate.net 0
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