Formula One tycoon Bernie Ecclestone is heading for a $100 million settlement to halt his bribery trial in Germany, local media reported at the weekend
Munich: Formula One tycoon Bernie Ecclestone is heading for a $100 million settlement to halt his bribery trial in Germany, local media reported at the weekend.
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The 83-year-old Briton upped his offer to secure a deal, according to reports which said if it goes ahead it would the biggest of its kind.
The Munich court where the trial is due to resume tomorrow has told witnesses scheduled to give testimony this week not to bother to turn up.
Ecclestone went on trial in April on charges of paying a $44-million (33-million-euro) bribe to a BayernLB bank executive for help in maintaining his four-decade grip on Formula One.
The settlement, which is allowed in German criminal cases if the prosecution and aggrieved parties agree, should mean that Ecclestone retains his control of the multi-billion dollar sport.
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