Mosley: Damages to go to FIA Foundation

Mosley, 67, has asserted through a statement from his solicitors, Steeles Law, that he fully intends to 'vigorously pursue' News Group Newspapers Limited for damages on the grounds of invasion of privacy. Despite losing an interim injunction order on Wednesday to stop the newspaper's website showing a video related to two expose run in the Sunday paper over the past fortnight.

The statement read: "At Mr Mosley's request directions have been set for an early trial.

"Whilst Mr Mosley has every intention of getting the largest possible sum in damages from the publishers of the News of the World, so that they should be deterred from doing this to others in the future, Mr Mosley intends to donate any damages in the case to the FIA Foundation."

The newspaper has alleged that Mosley engaged in lewd sexual conduct with five prostitutes and published images that it argued demonstrated 'elements of Nazism', which Mosley vehemently contends.

In a letter written to the German motoring federation ADAC at the weekend, Mosley denied he had done anything wrong or illegal and said he saw no reason why he should quit his position as president.

"A scandal paper obtained by illegal means pictures of something I did in private which, although unacceptable to some people, was harmless and completely legal. Many people do things in their bedrooms or have personal habits which others find repugnant. But as long as they keep them private, nobody objects.

"The offence seems to be not what I did but the fact that it became public. But I played no role in this, indeed I did my utmost to ensure it remained private. I was the victim of a disgusting conspiracy.

"It goes without saying that the so-called Nazi element is pure fabrication. This will become crystal clear when the matter comes to trial. The newspaper invented this in order to spice up their story and introduce my family background."

He added: "In short, I think I have done nothing wrong and that the wrong was done by the newspaper. That is why I am suing them."

Mosley's claim is expected to be heard in a five day trial in July.