News Details

Ecclestone set for settlement in bribery trial

Prosecutors have revealed they would accept an offer of £60 million from F1 boss Bernie Ecclestone to end his bribery trial, with an agreement expected later today. Last week it was reported that Ecclestone was prepared to pay German bank BayernLB £20 million to settle the case early. The 83-year-old has been on trial in Munich since April charged with bribery and incitement to breach of trust. He is accused of paying German banker Gerhard Gribkowsky $44m (£26m) to help ensure a stake in F1 was sold to a company he favoured in 2006. Gribkowsky was sentenced to eight and a half years in prison in 2012 for accepting bribes, and Ecclestone himself could face a lengthy jail term if found...
Full Story »
1y ago from Crash.net 0
Share

You May Also Be Interested In...

Ecclestone bribery trial set for $100m settlement

Bernie Ecclestone has been attending the German court since April this...
1y ago from espnF1.com

Settlement of German Ecclestone bribery case possible...

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

Ecclestone bribery case could be settled

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

Ecclestone trial set to end after settlement

– Formula 1 supremo Bernie Ecclestone has agreed a settlement worth...
1y ago from GPUpdate.net

Elsewhere On The Network

Popular On MGPToday.com

Marquez wants to see MotoGP winglets banned

Marc Marquez has gone on the record to admit that he would like to see...

Successful private test for Lowes

Sam Lowes has had a successful one-day test of the Federal Oil Gresini...

Randy Mamola: Rossi's genius performance a message to...

Valentino Rossi's masterful victory in the Spanish Grand Prix elevates him...
4d ago from Motorsport.com

‘Marked increase in performance’ for KTM

KTM have seen a ‘marked increase in performance’ for their new RC16...

Popular On IndyCarToday.com

Inaugural Boston IndyCar race cancelled

The inaugural Grand Prix of Boston has been cancelled, after promoters of...

INDYCAR: Boston GP called off - reports

Promoters of the scheduled IndyCar race in Boston have ended negotiations...
1d ago from Racer.com

Dan Wheldon book to go on sale at Indy

A new book paying tribute to the late Dan Wheldon will be launched at the...
1d ago from SpeedCafe.com

INDYCAR: Shank keeping 500 window open

Michael Shank isn't ready to pull the plug on entering a car for next...
1d ago from Racer.com

Popular On TotalWRC.com

The WRC gallery: YPF Rally Argentina

The WRC gallery:YPF Rally Argentina The season's fourth round took crews...
8h ago from WRC.com

New Zealand APRC: Gill beats Kreim to take emphatic win

2013 Asia-Pacific Rally Champion Gaurav Gill overturned a 4.6s deficit to...
13h ago from Motorsport.com

New Zealand APRC: Kreim retains lead as Gill suffers...

Asia-Pacific Rally Championship debutant Fabian Kreim continues to lead...
1d ago from Motorsport.com

Safety praise for YPF Rally Argentina

Teams and drivers congratulate rally organisers
2d ago from WRC.com

Popular On GunnersToday.com

This Arsenal man should be nowhere near England's...

Now that Arsenal’s Jack Wilshere has finally returned to first team...

Arsenal cannot let top manager & potential Wenger...

Joachim Low has been linked with an incredible move to Everton this...
4h ago from AllArsenal.com

Norwich's O'Neil highlights crucial short spell as key...

GETTY Gary O'Neil had opportunities to score for Norwich at Arsenal but...
5h ago from Express.co.uk

Arsenal striker approaching unwanted record currently...

Olivier Giroud could be about to enter the Arsenal record books for...
6h ago from CaughtOffside.com

Comments

Hottest News

Horner: Kvyat's error "screwed our race...

Vettel – who was a four-time world champion... Read More »
4h ago from Motorsport.com

Troubles at both Mercedes, Rosberg almost had to retire

Toto Wolff says that, Nico Rosberg’s Russian... Read More »
46m ago from ThisIsF1.com

Vettel vents fury after Kvyat double hit

Just a fortnight after Vettel had accused his... Read More »
6h ago from Motorsport.com

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.