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Bernie Ecclestone in talks to settle bribery case

Formula 1 boss Bernie Ecclestone is in talks to settle his bribery case by reaching a financial settlement with Bayern Landesbank.

Bernie Ecclestone has opened talks with German prosecutors over a potential settlement in his bribery trial.

The Formula 1 boss is on trial in Munich over allegations that he paid off a banker in the sale of a stake in the sport eight years ago.

The 83-year-old has denied the charge, but his legal team has told the court that he is willing to pay €25m (£19.79m) to Bayern Landesbank in order to end the case.

Under German law, criminal cases can be settled in some circumstances with lesser punishments, including financial settlements.

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F1 supremo Bernie Ecclestone at Monza, Italy on September 8, 2013
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