Monday 22 December 2014

Ecclestone bribery case now closed

Published 13/08/2014 | 15:05

The bribery case against F1 boss Bernie Ecclestone is formally closed
The bribery case against F1 boss Bernie Ecclestone is formally closed

Bernie Ecclestone has made the 100 million US dollar (£59 million) payment he agreed to last week, meaning the bribery case against the Formula One boss is formally closed.

The Munich state court on August 5 approved an agreement between Ecclestone's lawyers and prosecutors to end the trial.

It gave the 83-year-old Englishman a week to pay the money - 99 million dollars of which goes to the state and the remaining one million dollars to a German organisation that helps terminally ill children.

The court said today that the payment was made on time.

Ecclestone faced charges of bribery and incitement to breach of trust over a payment to a German banker in charge of selling a stake in F1 in 2005. Ecclestone denied wrongdoing.

Press Association

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