The charge against the 92-year-old was authorised by the Crown Prosecution Service in July last year following an investigation by Revenue and Customs.
Ex-Formula One boss Bernie Ecclestone has pleaded guilty to fraud at Southwark Crown Court after failing to declare more than £400 million of overseas assets to the government.
The charge against the 92-year-old was authorised by the Crown Prosecution Service in July last year following an investigation by Revenue and Customs .On July 7 2015, the billionaire failed to declare a trust in Singapore with a bank account containing around 650 million US dollars, worth about £400 million at the time.
The charge stated Ecclestone, who has three grown-up daughters, Deborah, Tamara and Petra, and a young son, Ace, had "established only a single trust, that being one in favour of your daughters and other than the trust established for your daughters you were not the settlor nor beneficiary of any trust in or outside the UK".Top news stories today Join the Daily Record's WhatsApp community here and get the latest news sent straight to your messages.
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Bernie Ecclestone: Ex-Formula 1 boss pleads guilty to £400m fraudEx-Formula 1 boss Bernie Ecclestone has pleaded guilty to fraud over a failure to declare £400m held in a trust in Singapore to the government.
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Ex-F1 boss Bernie Ecclestone, 92, ADMITS fraud after failing to declare £400MILLION in overseas assets...BERNIE Ecclestone has pleaded guilty to fraud after failing to declare more than £400 million of overseas assets. The ex-Formula One boss, 92, admitted a single charge of fraud by false representat…
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Former F1 boss Bernie Ecclestone pleads guilty to £400,000,000 fraudEcclestone had been charged with fraud by false representation.
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Ex-F1 boss Bernie Ecclestone admits fraud after failing to declare £400 millionThe 92-year-old pleaded guilty at Southwark Crown Court on Thursday.
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Ex-F1 boss Bernie Ecclestone admits fraud after failing to declare £400 millionThe 92-year-old pleaded guilty at Southwark Crown Court on Thursday.
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Ex-Formula One boss Bernie Ecclestone pleads guilty to £400 million fraudEx-Formula One boss Bernie Ecclestone has pleaded guilty to failing to declare £400million of overseas assets to the government.
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