Friday, October 31st9.8°C
23696
23004

German court says Ecclestone has made $100 million payment, meaning bribery case formally over

MUNICH - A German court says Bernie Ecclestone has made the $100 million payment he agreed to last week, meaning the bribery case against the Formula One boss is formally closed.

The Munich state court on Aug. 5 approved an agreement between Ecclestone's lawyers and prosecutors to end the trial. It gave the 83-year-old Englishman a week to pay the money — $99 million of which goes to the state and the remaining $1 million to a German organization that helps terminally ill children.

The court said on Wednesday that the payment was made on time.

Ecclestone faced charges of bribery and incitement to breach of trust over a payment to a German banker in charge of selling a stake in F1 in 2005. Ecclestone denied wrongdoing.

The Canadian Press


Read more Business News




Recent Trending




Today's Market
S&P TSX14576.74+118.05
S&P CDNX764.91-6.74
DJIA17337.73142.31
Nasdaq4618.248+52.11
S&P 5002011.29+16.64
CDN Dollar0.8872-0.0062
Gold1169.30-29.2999
Oil80.37-0.53
Lumber325.70+2.10
Natural Gas3.715+0.066

 
Okanagan Companies
Pacific Safety0.12+0.01
Knighthawk0.01-0.005
QHR Technologies Inc1.19+0.04
Cantex0.045-0.015
Anavex Life Sciences0.185+0.0139
Metalex Ventures0.03-0.005
Russel Metals32.64+0.42
Copper Mountain Mining2.035+0.065
Colorado Resources0.125-0.015
ReliaBrand Inc0.015+0.003
Sunrise Resources Ltd0.05+0.025
Mission Ready Services0.3750.00

 





FEATURED Property
19170318-1450 Rose Meadow
3 bedrooms 2 baths
$389,900
more details
image2image2image2
Click here to feature your property
Please wait... loading


Empty nesting: financial issues

Now that the children have ‘left the nest’, it is a good time to step back and take stock of your financial situation. Being on your own will probably cut household costs to some extent, b...


Keep your haunted home safe

Eerie sounds, spooky lights and Jack-o’-lanterns aglow—extra efforts at Halloween will keep visitors coming back for both tricks and treats. However, to keep the fun going, it’s imp...


What I learned in China

Photo: ContributedI will never be an expert on China. It is just too big, too complex and too old with layers of history and meaning that would take several lifetimes to unravel. As I said to my hosts...

_








Member of BC Press Council


22632