F1 boss Ecclestone pays to end bribery trial

http://www.bbc.com/news/world-europe-28656050

A German court has agreed to end the bribery trial of Formula 1 boss Bernie Ecclestone in exchange for a $100m (£60m) payment from him.

Mr Ecclestone’s offer was based on an existing provision in German law.

Earlier on Tuesday German prosecutors accepted the offer from the 83-year-old billionaire who dominates motor racing.

He went on trial in April, 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.

The ruling means he walks free from the district court in Munich and can continue running the sport. It also means Mr Ecclestone is found neither guilty nor innocent.

..Former Justice Minister Sabine Leutheusser-Schnarrenberger, of the Liberal FDP party, criticised use of the loophole in the Ecclestone case, saying it was “not just bad taste – it’s really insolent”.

She said it allowed rich people to go free, whereas the less well-heeled could face prison.

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