Formula One boss Bernie Ecclestone said he has been indicted by German prosecutors for alleged bribery.

Ecclestone has been under investigation since a German banker was convicted of taking an illegal payment from him worth $44 million in connection with the sale of a stake in F1.

Ecclestone told the Munich state court he felt pressured into paying the cash in 2006 because he was worried that Gerhard Gribkowsky would report him to British tax authorities.

Ecclestone told The Associated Press on Wednesday that his lawyers “have accepted an indictment.

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