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Thursday 18 September 2014

Ecclestone bribery case now closed

Published 13/08/2014 | 15:05

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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.

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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.

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