News Details

Ecclestone pays $100m to escape jail term

Formula 1 czar Bernie Ecclestone has avoided a jail term with a German court ending his bribery trial by accepting a $100m payment. A loophole in the law has allowed F1’s commercial giant to walk free from a Munich court. The 83-year-old, who has an estimated personal wealth of $4.2 billion pounds, had faced accusations that he paid off German banker Gerhard Gribkowsky almost $50m. The bribe centred around favouring a company that would buy a stake in in the sport so that Ecclestone could remain at the commercial helm. Gribkowsky was sentenced to eight and a half years in jail in 2012 for accepting bribes. Ecclestone countered that the payment to Gribkowsky had been made after the...
Full Story »
2y ago from SpeedCafe.com 0
Share

You May Also Be Interested In...

Ecclestone's bribery trial ends with $100 million...

A German court on Tuesday dropped the bribery case against Bernie...
2y ago from F1Pulse.com

Ecclestone bribery trial ends with $100-mn payment

MUNICH, Germany, Aug 05, 2014 (AFP) - A German court ruled Tuesday...
2y ago from F1Plus.com

Ecclestone bribery trial set for $100m settlement

Bernie Ecclestone has been attending the German court since April this...
2y ago from espnF1.com

Ecclestone trial comes to an end after $100m payment

Bernie Ecclestone's second bribery trial has come to an end today after...
2y ago from RichlandF1.com

Elsewhere On The Network

Popular On MGPToday.com

MotoGP: Alex Lowes to make GP debut as replacement for...

Alex Lowes will make his MotoGP debut this week at his home race at...

Lowes to stand in for Smith at Silverstone and Misano...

Lowes could race in the next two MotoGP races as he stands in for the...
21h ago from BikeSportNews.com

Lowes to replace injured Smith at Tech 3

– Tech 3 has confirmed that Bradley Smith will miss the next two...
7h ago from GPUpdate.net

Alex Lowes replaces injured Smith for Silverstone and...

The Tech 3 Yamaha MotoGP team has announced that Alex Lowes will replace...
6h ago from Motorsport.com

Popular On IndyCarToday.com

MILLER: Texas two-stepping with the devil

Michigan made for mayhem, Fontana featured frantic moments and Texas is...
2h ago from Racer.com

Video: Firestone 600 IndyCar race highlights

Watch race highlights from the postponed Firestone 600. The first part of...

Rahal denies Hinchcliffe in thrilling Texas finish

Graham Rahal secured his first victory of the season in a thrilling race...

VIDEO: Robin Miller with Graham Rahal at Texas

Graham Rahal visits with Robin Miller and The RACER Channel after his...
21h ago from Racer.com

Popular On TotalWRC.com

Scheider set for World Rallycross return in Barcelona

Audi DTM driver Timo Scheider is set to compete for All-Inkl.com Munnich...
5h ago from Motorsport.com

Wrc.com video playlist: Germany

Our selection of must-see clips from round nine
22h ago from WRC.com

Red Bull Global Rallycross season resumes in Atlantic...

Two new entries join the Supercar grid to produce a season-high of 13...
1d ago from Motorsport.com

Lappi breaks silence over Toyota rumours

Talks have taken place at Toyota's rally base
5d ago from WRC.com

Popular On GunnersToday.com

U-18s: Brighton 0-3 Arsenal - Report

The Gunners rise to the top of the league as they maintain their unbeaten...
3h ago from Arsenal.com

Arsenal Weekly podcast: Episode 52

After Saturday's win at Watford, it's Mesut Ozil appreciation week on...
4h ago from Arsenal.com

Trending: Aguero to miss Manchester derby? Torino keen...

Take a look back at all the stats behind Manchester City's 3-1 win over...
4h ago from ESPNFC.co.uk

Comments

Hottest News

Red Bull denies illegal diffuser claims

Red Bull has hit back at any suggestion its 2016... Read More »
5h ago from ThisIsF1.com

Hamilton: It will be a real shame if Alonso retires

It would be a 'real shame' if Fernando Alonso was... Read More »
4h ago from GrandPrix247.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.