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F1 boss Ecclestone offers court deal | F1 boss Ecclestone offers court deal |
(35 minutes later) | |
German prosecutors say they would accept an offer of $100m (£60m) from Formula 1 chief Bernie Ecclestone to end his trial on bribery charges. | German prosecutors say they would accept an offer of $100m (£60m) from Formula 1 chief Bernie Ecclestone to end his trial on bribery charges. |
The Munich state court is expected to agree to the offer later on Tuesday. | |
The 83-year-old billionaire went on trial in April, charged with bribery and incitement to breach of trust. | The 83-year-old billionaire went on trial in April, charged with bribery and incitement to breach of trust. |
He is accused of paying a German banker 33m euros (£26m; $44m) to ensure that a company he favoured could buy a stake in F1. He denies wrongdoing. | He is accused of paying a German banker 33m euros (£26m; $44m) to ensure that a company he favoured could buy a stake in F1. He denies wrongdoing. |
Mr Ecclestone will be in court for the decision. If found guilty he could have faced a 10-year jail term and the end of his decades-long dominance of motor racing. | |
A BayernLB banker, Gerhard Gribkowsky, was allegedly paid by Mr Ecclestone to ensure the F1 stake was bought by a company that he favoured, so that he would remain in charge of the sport. | |
Gribkowsky was sentenced to eight and a half years in prison in 2012 for accepting bribes. | |
Mr Ecclestone says the payment was given to Gribkowsky after the banker threatened to make false claims about the F1 boss's tax status. |