Tuesday 4 October 2022 09:27 AM Ex-1 boss Bernie Ecclestone, 91, arrives in court accused of failing to declare ... trends now

Tuesday 4 October 2022 09:27 AM Ex-1 boss Bernie Ecclestone, 91, arrives in court accused of failing to declare ... trends now
Tuesday 4 October 2022 09:27 AM Ex-1 boss Bernie Ecclestone, 91, arrives in court accused of failing to declare ... trends now

Tuesday 4 October 2022 09:27 AM Ex-1 boss Bernie Ecclestone, 91, arrives in court accused of failing to declare ... trends now

Ex-Formula One boss Bernie Ecclestone, 91, arrives in court accused of failing to declare a Singapore trust fund worth more than £400milllion Ecclestone faces fraud charge by false representation between 2013 and 2016 HMRC probed the business magnate and asked him to declare any foreign assets He allegedly claimed he had 'established only a single trust' for his daughters But it is alleged that he failed to declare another £400million trust in Singapore

Former Formula One boss Bernie Ecclestone has arrived at a crown court in London accused of failing to declare a Singapore trust worth more than £400million to the government.

The 91-year-old is at Southwark Crown Court to formally enter a plea to a single charge of fraud by false representation between July 13, 2013, and October 5, 2016.

Billionaire Mr Ecclestone, who turns 92 this month, has previously indicated he would plead not guilty at a hearing at Westminster Magistrates' Court in August.

That came after he was charged following an investigation by HM Revenue and Customs (HMRC) into his finances.

He is alleged to have failed to declare a trust in Singapore with a bank account containing around 650 million US dollars as part of the probe, which would have allowed the business magnate to draw a line under any previous tax irregularities.

According to the charge, Ecclestone allegedly claimed that he had 'established only a single trust, that being one in favour of your daughters'.

Bernie Ecclestone, 91, as he arrived at Southwark Crown Court this morning ahead of hearing

Bernie Ecclestone, 91, as he arrived at Southwark Crown Court this morning ahead of hearing

Former F1 boss Ecclestone faces fraud charge by false representation between 2013 and 2016

Former F1 boss Ecclestone faces fraud charge by false representation between 2013 and 2016

He is also alleged to have said 'other than the trust established for your daughters you were

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