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 »
8mo 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...
8mo ago from espnF1.com

Settlement of German Ecclestone bribery case possible...

Settlement of German Ecclestone bribery case possible – courtPosted...
8mo ago from ThisIsF1.com

Ecclestone bribery case could be settled

German prosecutors held talks on Tuesday with lawyers for Formula One...
8mo ago from SuperSport.com

Ecclestone trial set to end after settlement

– Formula 1 supremo Bernie Ecclestone has agreed a settlement worth...
8mo ago from GPUpdate.net

Elsewhere On The Network

Popular On MotoGPToday.com

Crutchlow: “I nearly hit him…”

Cal Crutchlow will start Sunday’s race in Argentina from 4th, after he...
2h ago from MotoGP.com

Espargaro: “It’s great to be on the front row!”

Team Suzuki Ecstar’s Aleix Espargaro will start from the front row of...
2h ago from MotoGP.com

Rossi: “I could do better”

Movistar Yamaha’s Valentino Rossi expressed his disappointment at...
2h ago from MotoGP.com

Marquez takes pole by over 0.5s at #ArgentinaGP

Repsol Honda’s Marc Marquez stamped his authority on proceedings in Q2...
20h ago from MotoGP.com

Popular On IndyCarToday.com

Castroneves on pole as disaster strikes Power

Helio Castroneves edged Penske team-mate Juan Pablo Montoya for pole...
13h ago from SpeedCafe.com

Penske continues to pace Long Beach practice

There was a new name at the top of the timesheets following the third and...
18h ago from Crash.net

Alesi takes double pole on car racing debut

Giuliano Alesi, the 15-year-old son of former Ferrari Grand Prix star...
1d ago from Motorsport.com

Daly to replace injured Moran Jr.

– American Conor Daly will fill in for Rocky Moran Jr. this weekend...
18h ago from GPUpdate.net

Popular On TotalWRC.com

Latvala inspired by McRae onboards

The Finn sought inspiration after no-scores on the rounds in Sweden and...
4h ago from WRC.com

Citroën: An endurance rally in Argentina

The Citroën Total Abu Dhabi World Rally Team has conducted extensive...
20h ago from Motorsport.com

Latvala Looking to Bounce Back In Argentina

With the 2015 FIA World Rally Championship entering it's second quarter...

Rally Argentina: Event timetable

Complete event timetable for Rally Argentina, the fourth round out of 13...
2d ago from Crash.net

Popular On GunnersToday.com

Highlights: Alexis Sanchez brace helps Arsenal beat...

Defending FA Cup champions Arsenal beat Reading 2-1 after extra time in...
2h ago from SportsKeeda.com

Top 10 Premier League goalscorer-assist combinations...

Football is a team game, but every so often, there are players and...
2h ago from SportsKeeda.com

Arsenal eye Birmingham City starlet Demarai Gray

According to the Sun, the England under-19s international looks certain...
2h ago from Express.co.uk

Reading v Arsenal – TunnelCam

Via the FA's YouTube channel, here's the TunnelCam from yesterday's 2-1...
4h ago from News.ArseBlog.com

Comments

comments powered by Disqus

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.