News Details

Ecclestone bribery trial ends with $100-mn payment

MUNICH, Germany, Aug 05, 2014 (AFP) - A German court ruled Tuesday that Formula One tycoon Bernie Ecclestone can make a controversial $100-million payment to end his trial on bribery charges. In a move that will likely see him stay at the helm of the lucrative sport, the 83-year-old Briton struck an accord with prosecutors on the record payment which then got the Munich tribunal's blessing. "The proceedings will be temporarily suspended with the agreement of the prosecution and the accused," pending payment within one week, presiding judge Peter Noll said. The $100-million (75-million-euro) accord is believed to be the largest of its kind in...
Full Story »
1mo ago from F1Plus.com 0
Share

You May Also Be Interested In...

Ecclestone seeks to end bribery trial

Bernie Ecclestone has been attending the trial since April Getty Images...
1mo ago from espnF1.com

Ecclestone set for settlement in bribery trial

Prosecutors have revealed they would accept an offer of £60 million from...
1mo ago from Crash.net

Ecclestone defence seeks deal to end bribery trial

Prosecutors and lawyers for Bernie Ecclestone are in talks about a...
1mo ago from F1Pulse.com

Ecclestone bribery trial set for $100m settlement

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