News Details

Ecclestone set for settlement in bribery trial

Prosecutors have revealed they would accept an offer of £60 million from F1 boss Bernie Ecclestone to end his bribery trial, with an agreement expected later today. Last week it was reported that Ecclestone was prepared to pay German bank BayernLB £20 million to settle the case early. The 83-year-old has been on trial in Munich since April charged with bribery and incitement to breach of trust. He is accused of paying German banker Gerhard Gribkowsky $44m (£26m) to help ensure a stake in F1 was sold to a company he favoured in 2006. Gribkowsky was sentenced to eight and a half years in prison in 2012 for accepting bribes, and Ecclestone himself could face a lengthy jail term if found...
Full Story »
11y ago from Crash.net 0
Share

You May Also Be Interested In...

Ecclestone bribery trial set for $100m settlement

Bernie Ecclestone has been attending the German court since April this...
11y ago from espnF1.com

Settlement of German Ecclestone bribery case possible...

Settlement of German Ecclestone bribery case possible – courtPosted...
11y ago from ThisIsF1.com

Ecclestone bribery case could be settled

German prosecutors held talks on Tuesday with lawyers for Formula One...
11y ago from SuperSport.com

Ecclestone trial set to end after settlement

– Formula 1 supremo Bernie Ecclestone has agreed a settlement worth...
11y ago from GPUpdate.net

Elsewhere On The Network

Popular On MGPToday.com

Popular On IndyCarToday.com

Andretti lights up IndyCar Long Beach practice, Will...

The field of 25 drivers in the NTT IndyCar Series roared out of a...

Popular On TotalWRC.com

Popular On GunnersToday.com

Arsenal will not play for a draw in Manchester City...

t;li>Arsenal coach sees trip to Etihad as ‘a big opportunity’Bukayo...
6h ago from TheGuardian.com

Papers: Arsenal interested in Leicester teenager as...

The top stories and transfer rumours from Saturday's newspapers...
5h ago from SkySports.com

Wayne Rooney makes huge Arsenal title claim amid late...

Manchester United legend Wayne Rooney has backed Arsenal to clinch the...
10h ago from CaughtOffside.com

Arsenal plotting move to sign 3rd youngest player in...

Arsenal are reportedly preparing a move for Leicester City youngster...
12h ago from SportsKeeda.com

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.