News Details

Ecclestone trial to end after settlement

– Bernie Ecclestone's bribery trial will come to an end after the Formula 1 supremo reached a settlement worth $100 million (60 million pounds) with state prosecutors, a Munich court confirmed on Tuesday.Ecclestone, 83, went on trial in April over allegations that he bribed banker Gerhard Gribkowsky with a $44 million payment as part of the sale of a major stake in the motorsport business to CVC Capital Partners in 2006.Ecclestone says he sent the payment after Gribkowsky, who is currently serving an eight and a half year jail sentence for accepting bribes, threatened to make false claims to UK authorities about his tax status.The state prosecutor has told the court that Ecclestone's...
Full Story »
Share

You May Also Be Interested In...

Ecclestone trial set to end after settlement

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

Ecclestone bribery trial set for $100m settlement

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

Settlement ends Bernie trial

Bernie Ecclestone has agreed an £60m settlement to end his bribery...
11y ago from SkySports.com

Prosecutors will accept ending Ecclestone trial for...

German prosecutors said Tuesday that they will accept closing Bernie...
11y ago from F1Pulse.com

Elsewhere On The Network

Popular On MGPToday.com

Why Fabio Quartararo feels he needs to...

Fabio Quartararo is using the MotoGP winter break to recharge and...
13h ago from MotorsportWeek.c...

MotoGP exploring options to return to China after...

MotoGP series promoter Dorna is reportedly considering a return to China...

Popular On IndyCarToday.com

JHR retains Sting Ray Robb for second season

Juncos Hollinger Racing has confirmed that Sting Ray Robb will remain...

Aggressive testing schedule planned ahead of Mick...

Following confirmation Mick Schumacher will make a switch to IndyCar next...

Mick Schumacher joins RLL in IndyCar switch

Rahal Letterman Lanigan Racing has announced that Mick Schumacher will...

Popular On TotalWRC.com

Popular On GunnersToday.com

Merino and Saka down Brentford to restore Arsenal’s...

ight on from the chaos of Manchester City almost capitulating during <a...
3h ago from TheGuardian.com

Mikel Arteta opens up on double injury blow after...

Arsenal picked up a 2-0 win over Brentford in the Premier League earlier...
3h ago from CaughtOffside.com

Arsenal 2-0 Brentford, Leeds 3-1 Chelsea, and more:...

enal restored their five-point lead at the top of the table, while Leeds...
3h ago from TheGuardian.com

'Been way above the rest these last few games', 'Our...

Arsenal fans are in awe of Mikel Merino after the Spaniard's performance...
4h 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.