LONDON (AP) – Former Formula One boss Bernie Ecclestone yesterday denied a fraud charge over his alleged failure to declare millions of dollars in overseas assets.
Ecclestone, 91, entered a not guilty plea as he appeared at Westminster Magistrate’s Court in London for a brief hearing.
Prosecutors issued a charge of fraud by false representation between July 2013 and October 2016 after British tax officials carried out a worldwide investigation into Ecclestone’s finances.
Prosecutor Robert Simpson told the court that Ecclestone did not declare a trust in Singapore with a bank account containing about USD650.
Ecclestone headed Formula One racing for four decades from the 1970s to 2017.
He was arrested in Brazil in May for carrying a gun in his luggage while boarding a plane.
