F1 »

Ecclestone seeks settlement to end bribery trial

Bernie Ecclestone's lawyers say he is willing to pay a £20 million settlement to end his bribery trial
Bernie Ecclestone's lawyers say he is willing to pay a £20 million settlement to end his bribery trial.

Having been on trial in Munich since April charged with bribery and incitement to breach of trust, Ecclestone is seeking an early settlement which is possible in certain circumstances under German law if all parties agree. Ecclestone 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 guilty.

Ecclestone's lawyers say he is now willing to pay German bank BayernLB to settle the case early. On Tuesday his lawyers called for the case to be dropped due to what they claimed was a lack of evidence, saying the allegations are “highly questionable”.

A statement from the court confirmed talks between prosecutors and the defence "on a potential early end to the proceedings have not yet reached a conclusion".

Tagged as: Bernie Ecclestone

Related Pictures

Click on relevant pic to enlarge
Bernie Ecclestone
Toro Rosso unveils new look STR12
Toro Rosso unveils new look STR12
Scuderia Toro Rosso STR12
Red Bull R13, car launch, [Credit: Red Bull]
Antonio Giovinazzi - Sauber F1 Team
Stoffel Vandoorne, McLaren MCL32 F1 launch, [Credit: McLaren]
McLaren MCL32, McLaren-Honda, [Credit: McLaren]
McLaren MCL32
McLaren MCL32
McLaren MCL32
Ferrari SF70H
Ferrari SF70H
The Ferrari SF70H - Scuderia Ferrari
Ferrari SF70H, Ferrari launch [Credit: Ferrari]
Ferrari SF70H, Ferrari launch [Credit: Ferrari]
Ferrari SF70H
Toto Wolff (GER) Mercedes AMG F1 Shareholder and Executive Director.

Join the conversation - Add your comment

Please login or register before adding your comments.

Although the administrators and moderators of this website will attempt to keep all objectionable comments off these pages, it is impossible for us to review all messages. All messages express the views of the poster, and neither Crash Media Group nor Crash.Net will be held responsible for the content of any message. We do not vouch for or warrant the accuracy, completeness or usefulness of any message, and are not responsible for the contents of any message. If you find a message objectionable, please contact us and inform us of the problem or use the [report] function next to the offending post. Any message that does not conform with the policy of this service can be edited or removed with immediate effect.

© 1999 - 2017 Crash Media Group

The total or partial reproduction of text, photographs or illustrations is not permitted in any form.