The 91-year-old billionaire is accused of failing to declare assets worth hundreds of millions of pounds, according to British prosecutors, and will face court in London.
| Former Formula One supremo Bernie Ecclestone has been charged with fraud over a failure to declare more than £400 million of overseas assets to the British tax authority, prosecutors said on Monday.“This follows a complex and worldwide criminal investigation by HMRC’s Fraud Investigation Service,” said Simon York, Director at the Fraud Investigation Service of Her Majesty’s Revenue and Customs .
In 2015, Ecclestone faced a demand from HMRC for payment of more than £1 billion in relation to a family trust. He maintains an office in London but now spends most of his time abroad, with residences in Switzerland and Ibiza as well as a farm in Brazil.arrested him after finding a handgun in his luggageEcclestone acknowledged owning it but said he was unaware it was in his luggage. He was freed to leave after paying bail.
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