Formula 1's Bernie Ecclestone bribery trial could end in exchange for almost £60m

Prosecutors in Germany have said they will end Bernie Ecclestone's bribery trial in exchange for a 100 million US dollar (£59.4 million) payment from Formula One's commercial chief.

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The Munich state court has yet to decide whether to approve the deal, with a decision expected later today.

Ecclestone has been been on trial since April on charges of bribery and incitement to breach of trust. The charges involve a 44 million US dollar (£26 million) payment to banker Gerhard Gribkowsky, who is serving an eight-and-a- half-year sentence for taking the money.

Ecclestone denies wrongdoing and says Gribkowsky blackmailed him.

The 83-year-old's lawyers last week called for proceedings to be closed, citing lack of evidence that he was criminally responsible.

Prosecutor Christian Weiss said they would accept a deal which would see Ecclestone pay 100 million US dollars, news agency dpa reported.

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