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Bernie Ecclestone to Pay $100 Million to End Bribery Case

Bernie Ecclestone

Formula 1 supremo Bernie Ecclestone will pay a $100 million court settlement to end his bribery case in Munich, Germany.

Ecclestone, who owns the commercial rights to F1 had been on trail since April 2013 for allegedly bribing German banker, Gerhard Gribkowsky, to secure the sale of the 47% stake of the sport from BayernLB to private equity firm CVC Capital Partners. Ecclestone claimed he only paid the $44 million bribe because he was being blackmailed.

A loophole in German law makes provision for a defendant to pay to end a trail under certain set of circumstances. After a defendant pays, he/she is neither guilty or innocent

About Ritesh K Bhana

Ritesh likes to think he is a true Tifosi, but he still remains fair to other teams. He supports two other teams which are not Red Bull and McLaren. Follow Ritesh on twitter @Humanshield_1

One Response to “Bernie Ecclestone to Pay $100 Million to End Bribery Case”

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  1. […] boss Bernie Ecclestone may have been able to make a deal with the courts to bring his bribery case to an end, but according to reports, not with the German bank […]


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