Newsletter Newsletters Events Events Podcasts Videos Africanews
Loader
Advertisement

Ex-Formula One boss Bernie Ecclestone to go on trial for tax fraud

Bernie Ecclestone leaves Westminster Magistrates Court in August after pleading not guilty.
Bernie Ecclestone leaves Westminster Magistrates Court in August after pleading not guilty. Copyright  AP Photo/Alberto Pezzali
Copyright AP Photo/Alberto Pezzali
By AP
Published on Updated
Share this article Comments
Share this article Close Button

The 91-year-old is accused of failing to declare overseas assets worth millions of euros.

Former Formula One boss Bernie Ecclestone will go on trial in the UK next October for alleged tax fraud.

The 91-year-old is accused of failing to declare €400 million in overseas assets. He has denied the charge.

Prosecutors claim Ecclestone falsely represented his wealth between July 2013 and October 2016, when British tax officials carried out a worldwide investigation into his finances.

Ecclestone allegedly did not declare a trust in Singapore with a bank account containing about €650 million when asked if he was involved in any trusts abroad.

The former executive headed Formula One and controlled the sport for four decades from the 1970s to 2017 when he stepped down as chief executive.

He was arrested in Brazil in May for carrying a gun in his luggage while boarding a plane.

Go to accessibility shortcuts
Share this article Comments

Read more

Tattoo trial: Cardi B cleared of $5 million lawsuit for raunchy mixtape cover

Spanish prosecutors accuse Real Madrid coach Carlo Ancelotti of tax fraud

John Carew: Ex-footballer given jail term for tax fraud in Norway