London, Feb 9 ANI | 9 months ago

Formula One chief Bernie Ecclestone has said that he expects the bribery charges against him to be dismissed before his trial begins.

The 83-year-old faces bribery and incitement to breach of trust charges related to a 45 million-dollar payment to German banker Gerhard Gribkowsky.

According to the BBC, Ecclestone said that he is betting that the trial, which is scheduled for Munich between 24 April and 16 September, will not be happening, adding that such things happen in one's life and the person has to get on with them.

The report mentioned that the charges relate to allegations that Ecclestone paid Gribkowsky, who is serving an eight-and-a-half-year prison sentence for corruption, during his takeover of F1 eight years ago.

Although Ecclestone admits paying Gribkowsky, but denies bribery and stepped down from the board of the company, which runs Formula 1 in January after he was indicted.

Ecclestone is also awaiting the outcome of separate London legal proceedings also relating to the sale of F1 in 2005 with a former F1 shareholder suing Ecclestone and other defendants for up to 144 million dollars, claiming F1 was undervalued at the time of the sale to investment group CVC Capital Partners, the report added.

(Posted on 09-02-2014)

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