Go Back   DreamTeamDownloads1, FTP Help, Movies, Bollywood, Applications, etc. & Mature Sex Forum, Rapidshare, Filefactory, Freakshare, Rapidgator, Turbobit, & More MULTI Filehosts > World News/Sport/Weather > World SPORTs-BREAKING NEWS

World SPORTs-BREAKING NEWS Read all the BREAKING NEWS Reports/In The World on Sports from Around the World-That Comes Into This Site By Wire

IMPORTANT ANNOUNCEMENT
Hallo to All Members. As you can see we regularly Upgrade our Servers, (Sorry for any Downtime during this). We also have added more Forums to help you with many things and for you to enjoy. We now need you to help us to keep this site up and running. This site works at a loss every month and we appeal to you to donate what you can. If you would like to help us, then please just send a message to any Member of Staff for info on how to do this,,,, & Thank You for Being Members of this site.
Post New ThreadReply
 
LinkBack Thread Tools Display Modes
Old 06-08-14, 01:02   #1
 
Ladybbird's Avatar
 
Join Date: Feb 2011
Posts: 47,365
Thanks: 27,593
Thanked 14,456 Times in 10,262 Posts
Ladybbird has a reputation beyond reputeLadybbird has a reputation beyond reputeLadybbird has a reputation beyond reputeLadybbird has a reputation beyond reputeLadybbird has a reputation beyond reputeLadybbird has a reputation beyond reputeLadybbird has a reputation beyond reputeLadybbird has a reputation beyond reputeLadybbird has a reputation beyond reputeLadybbird has a reputation beyond reputeLadybbird has a reputation beyond repute

Awards Showcase
Best Admin Best Admin Gold Medal Gold Medal 
Total Awards: 8

Red Arrow F1 Boss Ecclestone Fined $100Mill For Bribery Charges

German Court Ends Ecclestone Bribery Trial

Daily Mail UK, 5 August 2014


Bernie Ecclestone is free to concentrate on running Formula One after a German court dropped a bribery case against him Tuesday in exchange for a $100 million payment.
After hearing more than three months of evidence, the Munich state court cited significant doubts that Ecclestone could be convicted on charges of bribery and incitement to breach of trust as it approved an agreement between his lawyers and prosecutors and closed the trial.
The charges can carry a sentence of up to 10 years in prison, and a conviction would have threatened Ecclestone's grip on the global racing series. The 83-year-old Englishman has continued running F1 while spending two days a week in a Munich courtroom.





Formula One boss Bernie Ecclestone leaves the regional court in Munich, southern Germany, Tuesday, Aug. 5, 2014.


German prosecutors said Tuesday that they will accept dropping the bribery case against Ecclestone in exchange for a US dollar 100 million payment by the Formula One boss, and judges were considering whether to close his trial. Ecclestone went on trial at the Munich state court in late April on charges of bribery and incitement to breach of trust ¿ which could, if he were convicted, carry a sentence of up to 10 years in prison. (AP Photo/Matthias Schrader)


"Bye-bye," Ecclestone said to reporters as he left the court, adding that he was off "to take care of Formula One."

Later, Ecclestone said he was "a bit of an idiot" for agreeing to the huge settlement as he believes he would probably have been acquitted had the trial continued.
"Anyway, it's done and finished, so it's all right," he told Britain's Press Association. "I'm contented. It's all fine. This now allows me to do what I do best, which is running F1."

The charges involved a $44 million payment to German banker Gerhard Gribkowsky, who is serving an 8 1/2-year sentence for taking the money. Gribkowsky was convicted of corruption, tax evasion and breach of trust in a trial led by the same judge who heard Ecclestone's case, Peter Noll.

Ecclestone denied wrongdoing and said Gribkowsky, who was in charge of selling German bank BayernLB's 47 percent stake in F1 in 2005, blackmailed him.

After hearing evidence since late April, "the court did not consider a conviction overwhelmingly likely," court spokeswoman Andrea Titz said.
"There was no conclusion on guilt or innocence of the defendant," she said. "He is leaving this courtroom a free man."

Prosecutors alleged that the payment to Gribkowsky was meant to facilitate the sale of Munich-based bank Bayern LB's stake in F1 to a buyer of Ecclestone's liking. However, the court noted in Tuesday's decision that witness testimony suggested that the sale of the stake to CVC Capital Partners was "an unexpectedly profitable deal" for the bank.

Defense lawyer Sven Thomas welcomed the court's decision and said it showed that there would have been a "clear option of acquittal" had the trial continued, news agency dpa reported. The trial had been scheduled to last until at least mid-October.
The defense last week called for proceedings to be dropped, using a provision in German law that allows for prosecutors to drop a case in exchange for conditions such as a fine or community work, so long as the gravity of a possible offense is sufficiently small.

The $100 million figure emerged from talks with prosecutors over recent days.
Such deals are common in Germany though they rarely involve anything near the amount Ecclestone will pay. The $100 million is believed to be a record for such a payment.
Most of the payment, $99 million, will go to the German state. The remaining $1 million will go to a German organization that helps terminally ill children. Ecclestone, who has run F1 for 40 years, has a week to pay up.

"In the end what has happened today is good and bad," Ecclestone told the Press Association. "The good is the judge more or less said I was acquitted, and they (the prosecution) really didn't have a case. So I was a bit of an idiot to do what I did to settle because it wasn't with the judge, it was with the prosecutors."

According to Forbes magazine, Ecclestone and his family are worth $4.2 billion. Noll, however, said after examining documents on his assets, that Ecclestone isn't a billionaire, dpa reported.
A former German justice minister criticized the deal as it took shape ahead of Tuesday's decision, saying that the scale of it didn't fit with the spirit of the law.
"In my eyes, there should not be negotiations in this dimension with justice," Sabine Leutheusser-Schnarrenberger told Deutschlandfunk radio Monday. "It doesn't just leave a bad taste, it is really barefaced cheek."




Judge Peter Noll arrives for the trial against Formula One boss Bernie Ecclestone in the regional court in Munich, southern Germany


German prosecutors said Tuesday that they will accept closing Ecclestone's bribery trial in exchange for a $100 million payment by the Formula One boss, and judges were considering whether to end the proceedings. Ecclestone went on trial at the Munich state court in late April on charges of bribery and incitement to breach of trust which could, if he were convicted, carry a sentence of up to 10 years in prison. (AP Photo/Matthias Schrader



Formula One boss Bernie Ecclestone leaves the regional court in Munich, southern Germany,





Ecclestone has been been on trial since April on charges of bribery and incitement to breach of trust. The charges involve a $44 million payment to banker Gerhard Gribkowsky, who's serving an 8 1/2-year sentence for taking the money. (AP Photo/Matthias Schrader)





Formula One boss Bernie Ecclestone, center, arrives besides his wife Fabiana Flosi for his trial in the regional court in Munich, southern Germany,


Ecclestone 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. (AP Photo/Matthias Schrader)




Formula One boss Bernie Ecclestone, right, talks to his lawyer Sven Thomas after he arrived for his trial in the regional court in Munich, southern Germany,
__________________
PUTIN TRUMP & Netanyahu Will Meet in HELL










TRUMP WARNS; 'There'll Be a Bloodbath If I Don't Get Elected'


PLEASE HELP THIS SITE..Click DONATE
& Thanks to ALL Members of ... 1..

THIS SITE IS MORE THAN JUST WAREZ...& TO STOP SPAM-IF YOU WANT TO POST, YOUR FIRST POST MUST BE IN WELCOMES
Ladybbird is online now  
Digg this Post!Add Post to del.icio.usBookmark Post in TechnoratiTweet this Post!
Reply With Quote
Post New ThreadReply


Currently Active Users Viewing This Thread: 1 (0 members and 1 guests)
 
Thread Tools
Display Modes

Posting Rules
You may not post new threads
You may not post replies
You may not post attachments
You may not edit your posts

BB code is On
Smilies are On
[IMG] code is On
HTML code is Off
Trackbacks are On
Pingbacks are On
Refbacks are On



Powered by vBulletin® Version 3.8.11
Copyright ©2000 - 2024, vBulletin Solutions Inc.
SEO by vBSEO 3.5.2
Designed by: vBSkinworks