16/01/2014 05:40 GMT | Updated 02/04/2014 08:59 BST

Bernie Eccelstone, Formula 1 Boss, Faces Bribery Trial In Germany

Mark Thompson via Getty Images
SINGAPORE - SEPTEMBER 19: F1 Supremo Bernie Ecclestone walks in the paddock during previews for the Singapore Formula One Grand Prix at Marina Bay Street Circuit on September 19, 2013 in Singapore, Singapore. (Photo by Mark Thompson/Getty Images)

Formula One boss Bernie Ecclestone will go on trial on bribery charges in Germany.

Ecclestone, 83, faces charges of incitement to breach of trust connected to the alleged payment of a $45 million bribe to a German banker.

The banker, Gerhard Gribkowsky, has already been convicted of taking the payment from Ecclestone in connection with the sale of a stake in F1. Ecclestone has insisted that he did "nothing illegal."

The Munich state court says dates for the trial haven't yet been set but proceedings are currently expected to start at the end of April.

UPDATE: The F1 parent company board has confirmed Ecclestone will temporarily step down as a director while retaining a day-to-day management role.

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