Ecclestone sits in court in Munich, Germany. He is charged with bribery and incitement to breach of trust "in an especially grave case" over a US $44 million payment to a German banker, that prosecutors allege was meant to facilitate the sale of the Formula One Group to a buyer of Ecclestone's liking.
MUNICH (AP) — A German court says prosecutors and lawyers for Bernie Ecclestone are in talks about a possible deal to end the Formula One boss’ bribery trial.
The 83-year-old Ecclestone went on trial in Munich in April, charged with bribery and incitement to breach of trust. The charges involve a $44 million payment to banker Gerhard Gribkowsky, who is serving an 8 1/2-year sentence for taking the money.
Ecclestone says Gribkowsky blackmailed him.
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His defense team called on Tuesday for proceedings to be closed, citing a lack of evidence that Ecclestone was criminally responsible. They said damage to BayernLB, on whose behalf Gribkowsky was selling a stake in F1, wasn’t evident but offered to pay the bank 25 million euros ($33.6 million), news agency dpa reported.
The Munich state court says it’s unclear how long talks between the two sides will take.