Formula One chief Bernie Ecclestone avoided possible conviction on bribery charges after agreeing to pay $100 million in a Munich court Tuesday.
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The High Court in London dismissed a civil damages claim last week against Bernie Ecclestone, the former chief executive officer of Formula 1, arising from a sale of shares in the Formula 1 Group. He still faces criminal charges of bribery in a Munich court.
John Morton, of Morton's Fork fame, would have been intrigued by Bernie Ecclestone's explanation that it was not bribery but extortion that caused him to pay $44 million due to the banker blackmailing him through a threatened disclosure of his fiscal affairs to the British tax authorities.
Prosecutors in Munich have indicted Formula 1 boss Bernie Ecclestone for bribery.
Formula One boss Bernie Ecclestone will be charged soon in Germany for bribing a banker to gain access to his bank's F1 shares, a German newspaper has reported.