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 »
Full Story »
9y ago from SpeedCafe.com
0
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...
9y ago from F1Pulse.com
Ecclestone bribery trial ends with $100-mn payment
MUNICH, Germany, Aug 05, 2014 (AFP) - A German court ruled Tuesday...
9y ago from F1Plus.com
Ecclestone bribery trial set for $100m settlement
Bernie Ecclestone has been attending the German court since April this...
9y 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...
9y ago from RichlandF1.com
Elsewhere On The Network
Popular On MGPToday.com
Yamaha to test completely new MotoGP bike at Jerez
No description available...
5h ago from Motorsport.com
Raul Fernandez set to get 2024 Aprilia MotoGP bike at...
No description available...
9h ago from Motorsport.com
Quartararo: Marquez's Honda exit ‘woke a lot of...
Fabio Quartararo believes Marc Marquez's exit from Honda last term 'woke a...
1d ago from MotorsportWeek.c...
Could Acosta get a Verstappen-like mid-season...
No description available...
1d ago from Motorsport.com
Popular On IndyCarToday.com
O’Ward retroactively given St. Pete win after Team...
The NTT IndyCar Series announced on Wednesday that all three Team Penske...
7h ago from MotorsportWeek.c...
Penske's Newgarden loses St. Pete IndyCar race win...
No description available...
6h ago from Motorsport.com
Power “didn't have any defense” against Dixon due...
No description available...
1d ago from Motorsport.com
Brake issues hinder Rosenqvist’s chances for victory...
No description available...
23h ago from Motorsport.com
Popular On TotalWRC.com
Ford simulator boosting M-Sport WRC Puma performances
No description available...
10h ago from Motorsport.com
Auction raises more than 50K for Craig Breen Foundation
No description available...
8h ago from Motorsport.com
FIA not at war with manufacturers over 2025 WRC...
No description available...
2d ago from Motorsport.com
ERC star Sesks secures WRC Rally1 graduation with...
No description available...
2d ago from Motorsport.com
Popular On GunnersToday.com
Arsenal Transfer News Roundup: Gunners in talks for...
No description available...
57m ago from SportsKeeda.com
'Watched 5 minutes of yesterday's Arsenal game and...
No description available...
1h ago from SportsKeeda.com
Chelsea Transfer News Roundup: Blues identify Mauricio...
No description available...
37m ago from SportsKeeda.com
'No one knows what's going on in his life' –...
Ben White's agent has hit back at critics of the Arsenal star claiming 'no...
3h ago from CaughtOffside.com
Comments
Hottest News
F1 giants announce name change with IMMEDIATE effect
Ferrari have announced that they are to join... Read More »
2h ago from GPFans.com
Ferrari announces changed identity whilst new Stroll...
Catch up on the all the biggest news stories of... Read More »
1h ago from RacingNews365.com
Schumacher reveals what F1 pundits are NOT allowed to say...
F1 veteran Ralf Schumacher has offered a blunt... Read More »
13h ago from GPFans.com