Ex-F1 boss Ecclestone to be charged with fraud over assets

Written by AP | London |

July 11, 2022 7:21:52 pm

Authorities have authorized a charge against Ecclestone over his failure to declare overseas assets. (File)

Former Formula One boss Bernie Ecclestone will be charged with fraud by false representation following a government investigation into his overseas assets, British prosecutors said Monday.

Chief Crown Prosecutor Andrew Penhale said after reviewing evidence from the tax office, authorities have authorized a charge against Ecclestone over his failure to declare overseas assets worth more than 400 million pounds ($477 million).

Simon York, of Her Majesty’s Revenue and Customs, said the announcement followed a “complex and worldwide” investigation into the 91-year-old businessman’s finances.

“The criminal charge relates to projected tax liabilities arising from more than 400 million pounds of offshore assets which were concealed from Her Majesty’s Revenue and Customs,” he said.

Subscriber Only StoriesView AllPremiumC Raja Mohan writes: India’s new West Asia approach is a welcome break wi…PremiumIndian roots, many career pivots, Apple Health VP knows everything finall…PremiumUPSC Essentials: Key terms of the past week with MCQsPremiumExplainSpeaking | Forex reserves & rupee’s exchange rate: What are th…

The case is expected to be heard at Westminster Magistrates’ Court in London on Aug. 22.

Express Investigation
The Uber Files | The Indian Express is part of a global consortium analysing thousands of emails and documnets from Uber

Read here

📣 Join our Telegram channel (The Indian Express) for the latest news and updates

For all the latest Sports News, download Indian Express App.

  • The Indian Express website has been rated GREEN for its credibility and trustworthiness by Newsguard, a global service that rates news sources for their journalistic standards.

Leave a Reply

Your email address will not be published.