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 »
1y 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...
1y ago from F1Pulse.com

Ecclestone bribery trial ends with $100-mn payment

MUNICH, Germany, Aug 05, 2014 (AFP) - A German court ruled Tuesday...
1y ago from F1Plus.com

Ecclestone bribery trial set for $100m settlement

Bernie Ecclestone has been attending the German court since April this...
1y 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...
1y ago from RichlandF1.com

Elsewhere On The Network

Popular On MGPToday.com

Official statement on MotoGP rule changes

The full statement from the Grand Prix Commission outlining the changes...
3h ago from Crash.net

Marquez brothers part ways with VR46 Racing Apparel

Marc and Alex Marquez’s management agency have this morning officially...
35m ago from MotorcycleNews.c...

Analysis: 10 things we learned from the Sepang MotoGP...

Following the conclusion of the first pre-season MotoGP test at Sepang,...
22h ago from Motorsport.com

Alpinestars release Baz crash data

Alpinestars have released the data recorded by Avintia Ducati racer Loris...

Popular On IndyCarToday.com

'Very possible' Robin Frijns will make Andretti...

Andretti Autosport team boss Michael Andretti has revealed that it is...

INDYCAR: Andretti - 'It's killing me not having a win'

The pressure of living up to his legendary last name has always dogged...
3d ago from Racer.com

LIGHTS: Davey Hamilton Jr joins field

Davey Hamilton Jr., son of veteran Indy car competitor Davey Hamilton,...
1d ago from Racer.com

McCormack Racing, Davey Hamilton Jr. Join Forces for...

INDIANAPOLIS, Ind. – 18-year-old King of the Wing Sprint Car Series...

Popular On TotalWRC.com

Rally Sweden could be cancelled due to high...

The organisers of Rally Sweden have announced that the 2016 edition of the...
1h ago from Motorsport.com

Breen set for 'dream come true'

The Irishman joined the Citroën-supported squad for the reconnaissance...
16h ago from WRC.com

Ogier predicts close scrap in Sweden

Sebastien Ogier says he is expecting a “close” fight on Rally Sweden...
20h ago from Crash.net

Meeke, Al-Qassimi and Breen up for Swedish challenge

Each Abu Dhabi Total WRT's crew will have to negotiate different...
1d ago from Motorsport.com

Popular On GunnersToday.com

‘Enough is enough'? You're damn right

Enough really is enough. £77 for a ticket see a football match is far...
54m ago from Football365.com

Bournemouth 0-2 Arsenal: Quick-fire goals win points...

Match report – Player ratings – By the numbers – Video...
2h ago from Arseblog.com

Arsenal ace ready for return following Roma loan spell

Arsenal ace Wojciech Szczesny is set to return to the club after failing...

Arsenal and Man United set for summer battle to sign...

Arsenal, Manchester United, and Atletico Madrid are set for a summer...

Comments

Hottest News

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.