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Bernie Ecclestone Trial: Latest Details and Comments on F1 Chief’s Bribery Case
Published: July 29, 2014
Updates from Tuesday, Aug. 5
Bernie Ecclestone, the head of F1, will pay a reported £60 million to end his current bribery trial, according to BBC News.
The settlement figure had initially stood at £20 million, but has tripled according to Tuesday reports:
A German court has agreed to end the bribery trial of Formula 1 boss Bernie Ecclestone in exchange for a $100m (£60m) payment from him.
[...]
He went on trial in April, accused of paying a German banker 33m euros (£26m; $44m) to ensure that a company he favoured could buy a stake in F1.
He denies wrongdoing.
The ruling means he walks free from the district court in Munich and can continue running the sport. It also means Mr Ecclestone is found neither guilty nor innocent.
F1 expert Craig Slater insists the settlement only came about because the case was weak against Ecclestone:
The case had been going well for him and it's important to emphasise that this would not be happening unless the judge thought that the case was pretty weak against Bernie Ecclestone.
Had there been any great gravity of guilt then this potential outcome would not be possible.
Original Text
Formula One head Bernie Ecclestone is now willing to pay nearly £20 million to have the bribery case being lodged against him dropped. The offer was made to BayernLB bank in Munich, Germany but no deal has been reached.
Daniel Johnson of The Telegraph reports the 83-year-old racing chief views the ongoing trial, which is slated to last into October, as "highly burdensome." The article notes there are still a couple hurdles before the charges could be dropped:
However, according to Bloomberg, Ecclestone has offered the money to BayernLB, the bank at the centre of the bribery trial, not Munich's state prosecutors. A court spok...
Article Source: Bleacher Report - Formula 1
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