News Details

Prosecutors will accept ending Ecclestone trial for $100 million

German prosecutors said Tuesday that they will accept closing Bernie Ecclestone's bribery trial in exchange for a $100 million payment by the Formula One boss, and judges were considering whether to end the proceedings. Ecclestone went on trial at the Munich state court in late April on charges of bribery and incitement to breach of trust -- which could, if he were convicted, carry a sentence of up to ten years in prison. The charges involve a $44 million payment to German banker Gerhard Gribkowsky, who is serving an eight and a half year sentence for taking the money. Gribkowsky was convicted of corruption, tax evasion and breach of trust in a trial led by the same judge who is hearing...
Full Story »
11y ago from F1Pulse.com 0
Share

You May Also Be Interested In...

F1 boss Ecclestone offers court deal

German prosecutors say they would accept an offer of $100m (£60m) from...
11y ago from BBC.co.uk

Ecclestone trial set to end after settlement

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

Ecclestone defence seeks deal to end bribery trial

Prosecutors and lawyers for Bernie Ecclestone are in talks about a...
11y ago from F1Pulse.com

Ecclestone bribery trial set for $100m settlement

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

Elsewhere On The Network

Popular On MGPToday.com

Popular On IndyCarToday.com

Alex Palou responds to McLaren court ruling

Alex Palou has been ordered to pay McLaren Racing over $12 million...

McLaren wins contract breach suit against Alex Palou

McLaren has prevailed in its lawsuit against star IndyCar driver Alex...

Popular On TotalWRC.com

Oliver Solberg crowned the youngest ever Rallye Monte...

Oliver Solberg and Elliot Edmondson created a piece of Rally Monte Carlo...
20h ago from MotorsportWeek.c...

Popular On GunnersToday.com

“It’s the first time” - Arsene Wenger says 2...

Arsene Wenger has said that Arsenal defenders Gabriel Magalhaes and...
35m ago from SportsKeeda.com

“Someone like that at Arsenal would be game over”...

Former Leicester city striker Gary Linekar has said that Arsenal's premier...
35m ago from SportsKeeda.com

Saudi Arabian billionaire previously linked with...

Saudi government official and chairman of the General Entertainment...
15m ago from SportsKeeda.com

Odion Ighalo responds to Patrick Dorgu using his quote...

Former Manchester United striker Odion Ighalo has responded after Patrick...
1h 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.