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F1 chief Ecclestone offered 100 million dollar to end bribery trial

English.news.cn   2014-08-05 19:06:44

MUNICH, Germany, Aug. 5 (Xinhua) -- A district court in Munich is about to pronounce judgment here later on Tuesday, as Formula One chief Bernie Ecclestone offered 100 million dollar to end his bribery trial in Germany.

Ecclestone's offer has already been agreed by prosecutors, according to German media. And Ecclestone's lawyers are pretty confident that the court will approve the deal.

The trial is currently interrupted, as the Munich Regional Court needs a break to deliberate a termination of the process and will pronounce judgment later during the day.

Ecclestone, a former used car salesman who became a billionaire by building the sport into a global money spinner over the past four decades, has been charged with bribing the jailed German banker Gerhard Gribkowsky to smooth the sale of a stake in Formula One to private equity firm CVC in 2006.

If the 83-year-old is convicted, he could face up to 10 years in jail.

Editor: Yang Yi
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