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Brunei
Tuesday, September 27, 2022
29.7 C
Brunei
Tuesday, September 27, 2022
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    Ex-Formula One boss Bernie Ecclestone denies fraud charge

    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.

    Former Formula One boss Bernie Ecclestone leaves Westminster Magistrate’s Court in London. PHOTO: AP
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