News Details

Ecclestone make $100m payment, confirms court

A German court says Bernie Ecclestone has made the $100 million payment he agreed to last week, meaning the bribery case against the Formula One boss is formally closed. The Munich state court on Aug. 5 approved an agreement between Ecclestone's lawyers and prosecutors to end the trial. It gave the 83-year-old Englishman a week to pay the money -- $99 million of which goes to the state and the remaining $1 million to a German organization that helps terminally ill children. The court said on Wednesday that the payment was made on time. Ecclestone faced charges of bribery and incitement to breach of trust over a payment to a German banker in charge of selling a stake in F1 in 2005....
Full Story »
4mo ago from F1Pulse.com 0
Share

You May Also Be Interested In...

Ecclestone pays up

Bernie Ecclestone's legal troubles are behind him as a German court has...
4mo ago from PlanetF1.com

Charity surprised by $1 million Ecclestone payment

Bernie Ecclestone in court Officials of a German children's charity were...
4mo ago from GrandPrix247.com

Ecclestone trial to end after settlement

– Bernie Ecclestone's bribery trial will come to an end after the...
4mo ago from GPUpdate.net

Ecclestone goes sailing after $100m settlement

Bernie Ecclestone's yacht Petara Formula 1 supremo Bernie Ecclestone's...
4mo ago from GrandPrix247.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.