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 »
6mo 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...
6mo ago from F1Pulse.com

Ecclestone bribery trial ends with $100-mn payment

MUNICH, Germany, Aug 05, 2014 (AFP) - A German court ruled Tuesday...
6mo ago from F1Plus.com

Ecclestone bribery trial set for $100m settlement

Bernie Ecclestone has been attending the German court since April this...
6mo 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...
6mo ago from RichlandF1.com

Elsewhere On The Network

Popular On MotoGPToday.com

Misano prepares for 2015 with new surface

Italy’s Misano circuit has begun their track modernisation with a full...

Rossi: New Ducati fast , tyre rule unfair

After witnessing the new GP15's initial laps at last week's Sepang MotoGP...
1d ago from Crash.net

Michelin: Elbow style to stay in 2016

MotoGP riders will continue dragging their elbows through corners,...
19h ago from Crash.net

Rivals sound off on GP15

The new Ducati GP15 turns heads up and down the Sepang pitlane during the...
12h ago from MotorcycleNews.c...

Popular On IndyCarToday.com

IndyCar: Teams take delivery of aero kits ahead of...

Teams aligned with either Chevrolet or Honda have taken delivery of the...
1d ago from Racer.com

Ed Jones and Carlin Racing Shine at Soggy Barber Test

Indy Lights Presented by Cooper Tires made the prudent decision to...

Testing IndyCar's aero kits with Tony Kanaan

Tony Kanaan spoke in an interview with Motorsport.com about his time...
1d ago from Motorsport.com

IndyCar vs. action motorsports – a retraction

RACER.com has removed a story that appeared yesterday (Friday 02/27)...
1d ago from Racer.com

Popular On TotalWRC.com

News in brief: Mexico

Longer Power Stage: Sunday’s El Brinco Power Stage (pictured above),...
3h ago from WRC.com

Rally Guanajuato Mexico: Recce Notes

Rally GuanajuatoMexico: Recce Notes Tuesday and Wednesday’s pre-event...
5h ago from WRC.com

Return of the champion

The Qatari (pictured above) edged out Jari Ketomaa to secure the 2014...
5h ago from WRC.com

Rally Fans… Are We Doing Our Part?

Jason Anthony, ladies and gentlemen. This time he wants to know if you...
12h ago from WorldRallyBlog.c...

Popular On GunnersToday.com

'Giroud over Monaco shocker'

Olivier Giroud has the "mental strength" to spearhead Arsenal's...
2h ago from SkySports.com

'Giroud over Monaco shocker'

Giroud further erased memories of his Monaco nightmare by opening the...
2h ago from Football365.com

Arsenal too strong for lowly QPR as Giroud and Sanchez...

Queens Park Rangers Arsenal 1 2 FT Game Details GameCast Lineups and...
3h ago from ESPNFC.co.uk

QPR boss Chris Ramsey admits he was 'genuinely sick'...

FEELING BLUW: Ramsey said he felt sick after his latest loss [GETTY]...
3h ago from DailyStar.co.uk

Comments

comments powered by Disqus

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.