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