Bernie Ecclestone Hails Capitalism After Bribery Trial Deal

Bernie Ecclestone expressed regret over the high sum he agreed to pay to end the four-month trial under an accord struck with prosecutors and accepted by the tribunal. He had gone on trial on charges of paying a $44-million bribe.

updated: August 06, 2014 16:23 IST
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Bernie Ecclestone bribery
Formula One Chief Executive Bernie Ecclestone at a regional court in Germany.


Berlin: Formula One tycoon Bernie Ecclestone on Wednesday rejected criticism of his $100-million payment to end his trial in Germany on bribery charges and praised the capitalist system.

A day after the court case in Munich was spectacularly halted, the British billionaire told the German press that he could not "understand" people saying he had bought a dismissal. (Also read: Ecclestone and F1 - the mutually dependent partners)

"To me it looks as if the judges, in their opinion, didn't really have another choice," the 83-year-old told mass circulation Bild daily, in comments published in German.

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