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

Mark Miles teases possible non-championship...

IndyCar is largely considered a North American championship, with races...

IndyCar tire, brake testing completed on IMS oval

IndyCar staged a test at the Indianapolis Motor Speedway on Tuesday and...

Enzo Fittipaldi hails ‘productive’ test with Arrow...

Enzo Fittipaldi completed an IndyCar test with Arrow McLaren last week,...

Popular On TotalWRC.com

Popular On GunnersToday.com

'We'll be ready' | Hurzeler prepared for Arsenal...

Brighton head coach Fabian Hurzler says his side will be ready for...
54m ago from SkySports.com

Arsenal challenging big clubs in race to sign...

Arsenal have identified AC Milan prodigy Davide Bartesaghi, who is also...
1h ago from SportsKeeda.com

Report: Arsenal involved in transfer battle with...

A fresh transfer battle is brewing between two European giants, as...
4h ago from CaughtOffside.com

And they're off …

' Time now for the racing, and we cross live now to commentator, Bill...
3h ago from Arseblog.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.