Bernie Ecclestone’s bribery trial and charges have been officially dropped, after the F1 supremo lodged his controversial $100 million settlement with Munich authorities.<\/p>\n
After the deal was announced recently, the 83-year-old Briton had one week to actually pay the funds — $99 million to the Bavarian state, and $1 million to a German children’s charity.<\/p>\n
“After the payment of the agreed amount to the recipients, the court ceased criminal proceedings”, Munich spokeswoman Margarete Notzel confirmed to the German news agency DPA.<\/p>\n
Ecclestone is celebrating the end of proceedings by holidaying aboard his huge luxury yacht Petara off the Croatian island of Havr, the Daily Mail reported.<\/p>\n
“The bottom line is it’s been three and a half years of aggravation, travelling, meeting lawyers, and god knows what else, so it is good it is out of the way,” the billionaire said.<\/p>\n
It is not yet clear what Bavaria will do with Ecclestone’s millions, the largest criminal court settlement in German history, but minister president Horst Seehofer insisted: “We are certainly not breaking into cries of joy.”<\/p>\n
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