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 »
6mo 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...
6mo ago from espnF1.com

Settlement of German Ecclestone bribery case possible...

Settlement of German Ecclestone bribery case possible – courtPosted...
6mo ago from ThisIsF1.com

Ecclestone bribery case could be settled

German prosecutors held talks on Tuesday with lawyers for Formula One...
6mo ago from SuperSport.com

Ecclestone trial set to end after settlement

– Formula 1 supremo Bernie Ecclestone has agreed a settlement worth...
6mo ago from GPUpdate.net

Elsewhere On The Network

Popular On MotoGPToday.com

MotoGP: Intrigue, gossip and rumour

A little of what went on behind the scenes at Sepang
6h ago from BikeSportNews.com

Sepang Michelin test ends in fast crashes for front...

The first test of next season’s new MotoGP control Michelin tyres has...

VIDEO: Iannone - The Ducati is fantastic!

Andrea Iannone has high hopes for the 2015 MotoGP World Championship...
1d ago from Crash.net

Miller: We need to work on saving tyres

Jack Miller's promotion to MotoGP has set tongues wagging up and down the...

Popular On TotalWRC.com

Evans excited for return to happy hunting ground

Elfyn Evans is hoping to create more happy memories at Rally Mexico after...
5h ago from Crash.net

Evans optimisitc on return to happy hunting ground

Elfyn Evans is hoping to create more happy memories at Rally Mexico after...
3h ago from Crash.net

Ogier: Pressure on rivals to catch up

World Rally Championship leader Sebastien Ogier says the pressure is...
7h ago from Crash.net

Rally Mexico: Sky-high round for the DS 3 WRCS

At close to 2,800 metres above sea level, the Citroën Total Abu Dhabi...
1d ago from Motorsport.com

Popular On GunnersToday.com

Ozil and Alexis have to step it up: Current output not...

Just 18 months ago Arsenal broke their transfer record for Mesut Ozil,...
5h ago from AllArsenal.com

Arsene Wenger: You can't blame Olivier Giroud

Olivier Giroud unquestionably had one of his worst games in an Arsenal...
9h ago from AllArsenal.com

REVEALED: Arsenal Players Have Never Seen Wenger So...

Reports are out claiming that Arsenal boss Arsene Wenger steamed into his...
13h ago from Nastytackle.com

Giroud aims to recover from Monaco embarrassment

Arsenal striker Olivier Giroud has vowed to bounce back from his...
9h ago from Football.co.uk

Comments

comments powered by Disqus

Hottest News

F1 Live Timing: Day 7 – 2015 Barcelona testing

Good morning and welcome back to ThisisF1.com... Read More »
12h ago from ThisIsF1.com

McLaren forced to end day early again

McLaren-Honda is struck by another set-back as an... Read More »
3h ago from Crash.net

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.