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Motor racing: Ecclestone trial halted after F1 boss agrees to US$100m settlement

Published on Aug 5, 2014 10:23 PM
 

MUNICH (REUTERS) - A German court on Tuesday halted a bribery trial against Bernie Ecclestone in exchange for his paying a US$100 million (S$125 million) fee, under the terms of a settlement agreed by prosecutors and the chief executive of Formula One.

Such an agreement is possible in German law, depending on the charges. It means the 83-year-old preserves his innocence and is spared the prospect of a lengthy trial.

Judge Peter Noll told the court the suspicion of bribery against Ecclestone could not, by and large, be backed up in a trial.

He gave Ecclestone one week to pay US$100 million - US$99 million to the state and US$1 million to a children's charity.

Formula One Chief Executive Bernie Ecclestone leaves the courtroom at the regional court in Munich, southern Germany, on August 5, 2014. A German court on Tuesday halted a bribery trial against Bernie Ecclestone in exchange for his paying a US$100 million (S$125 million) fee, under the terms of a settlement agreed by prosecutors and the chief executive of Formula One. -- PHOTO: AFP
 
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