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– Former Formula 1 boss Bernie Ecclestone will be charged with fraud by false representation following an investigation into overseas assets believed to be worth more than £400m.
– The 91-year-old spent 40 years as the head of F1 before being removed as its chief executive officer in 2017.
– The Crown Prosecution Service said the charge follows an investigation by HMRC.
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– “The CPS has authorised a charge against Bernard Ecclestone,” it said.
– The CPS said the charge of fraud is “in respect of his failure to declare to HMRC the existence of assets held overseas believed to be worth in excess of £400m”.
– Last month Ecclestone said he would “take a bullet” for Russia’s president Vladimir Putin in an interview with ITV’s Good Morning Britain.
– In May, Ecclestone – who was involved with F1 in various roles since the 1950s – was arrested in Brazil for illegally carrying a gun while boarding a plane.
🔴 NEW: Former Formula One boss Bernie Ecclestone will be charged with fraud by false representation following an HMRC investigation into overseas assets believed to be worth more than £400 million, the Crown Prosecution Service said https://t.co/VtoDTzybka
— The Telegraph (@Telegraph) July 11, 2022
