A German court says Bernie Ecclestone has made the $100 payment he agreed to last week, meaning the bribery case against the Formula One boss is formally closed.
The Munich state court on Aug. 5 approved an agreement between Ecclestone's lawyers and prosecutors to end the trial. It gave the 83-year-old Englishman a week to pay the money — $99 million of which goes to the state and the remaining $1 million to a German organization that helps terminally ill children.
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The court said on Wednesday that the payment was made on time.
Ecclestone faced charges of bribery and incitement to breach of trust over a payment to a German banker in charge of selling a stake in F1 in 2005. Ecclestone denied wrongdoing.