Motorsport Week
  • Formula 1
    • 2023 Formula 1 Calendar
    • 2023 Formula 1 Standings
    • 2023 Formula 1 Driver Line-Up
    • 2023 Formula 1 Driver Penalty Points
    • 2024 Formula 1 Driver Line-Up
  • Formula E
    • 2022/23 Formula E Standings
    • 2022/23 Formula E Calendar
    • 2022/23 Formula E Team/Driver Line-up
  • IndyCar
    • 2023 IndyCar Calendar
    • 2023 IndyCar Driver Line-Up
    • 2023 IndyCar Standings
  • WRC
    • 2023 WRC Calendar
    • 2023 WRC Standings
    • 2023 WRC Driver Line-up
  • MotoGP
    • 2023 MotoGP Calendar
    • 2023 MotoGP Team/Rider Line-Up
    • 2023 MotoGP Standings
  • WEC
    • 2023 WEC Calendar
    • 2023 WEC Hypercar Team/Driver Line-up
  • IMSA
    • 2023 IMSA GTP Team/Driver Line-up
    • 2023 IMSA Calendar
  • More
    • Formula 2
      • 2023 Formula 2 Race Calendar
      • 2023 Formula 2 Driver Line-up
    • Formula 3
      • 2023 Formula 3 Race Calendar
      • 2023 Formula 3 Driver Line-up
    • DTM
    • WSeries
    • Technical Insight
    • Galleries
    • About/Contact
    • Privacy Policy
No Result
View All Result
  • Formula 1
    • 2023 Formula 1 Calendar
    • 2023 Formula 1 Standings
    • 2023 Formula 1 Driver Line-Up
    • 2023 Formula 1 Driver Penalty Points
    • 2024 Formula 1 Driver Line-Up
  • Formula E
    • 2022/23 Formula E Standings
    • 2022/23 Formula E Calendar
    • 2022/23 Formula E Team/Driver Line-up
  • IndyCar
    • 2023 IndyCar Calendar
    • 2023 IndyCar Driver Line-Up
    • 2023 IndyCar Standings
  • WRC
    • 2023 WRC Calendar
    • 2023 WRC Standings
    • 2023 WRC Driver Line-up
  • MotoGP
    • 2023 MotoGP Calendar
    • 2023 MotoGP Team/Rider Line-Up
    • 2023 MotoGP Standings
  • WEC
    • 2023 WEC Calendar
    • 2023 WEC Hypercar Team/Driver Line-up
  • IMSA
    • 2023 IMSA GTP Team/Driver Line-up
    • 2023 IMSA Calendar
  • More
    • Formula 2
      • 2023 Formula 2 Race Calendar
      • 2023 Formula 2 Driver Line-up
    • Formula 3
      • 2023 Formula 3 Race Calendar
      • 2023 Formula 3 Driver Line-up
    • DTM
    • WSeries
    • Technical Insight
    • Galleries
    • About/Contact
    • Privacy Policy
No Result
View All Result
Motorsport Week
Home Single Seater Formula 1

Ecclestone pleads not guilty to £400m tax fraud charge

by Sam Tomlinson
4 months ago
A A
0
Ecclestone pleads not guilty to £400m tax fraud charge

Bernie Ecclestone (GBR). 29.09.2019. Formula 1 World Championship, Rd 16, Russian Grand Prix, Sochi Autodrom, Sochi, Russia, Race Day. - www.xpbimages.com, EMail: [email protected] - copy of publication required for printed pictures. Every used picture is fee-liable. © Copyright: Filipe / XPB Images

Share on FacebookShare on Twitter

Ex-Formula 1 chief executive Bernie Ecclestone has pleaded not guilty to a tax fraud charge brought against him by UK prosecutors.

Ecclestone faces a tax fraud charge in relation to his alleged failure to declare hundreds of millions of dollars in a Singapore trust to the British government.

The 92-year-old appeared at London’s Southwark Crown Court on Tuesday where he confirmed his name and entered a not guilty plea to fraud between July 2013 and October 2016.

Ecclestone will face trial on November 16 following a worldwide investigation by the British tax office.

RelatedPosts

Hamilton and Ocon race RC cars at Suzuka

Hamilton and Ocon race RC cars at Suzuka

13 mins ago
Russell tips McLaren to have the edge over Mercedes at Suzuka

Russell tips McLaren to have the edge over Mercedes at Suzuka

43 mins ago
Bernie Ecclestone (GBR) on the grid. 18.09.2016. Formula 1 World Championship, Rd 15, Singapore Grand Prix, Marina Bay Street Circuit, Singapore, Race Day. – www.xpbimages.com, EMail: [email protected] – copy of publication required for printed pictures. Every used picture is fee-liable. © Copyright: Photo4 / XPB Images

Prosecutors allege that the ex-F1 boss failed to declare a trust in Singapore with a bank account holding around £400m ($650m) when asked about any foreign trusts he was involved in.

It is understood that Ecclestone claimed he had set up “only a single trust” in favour of his three daughters, and that he was “not the settler nor the beneficiary of any trust in or outside of the UK.”

The charge against him was authorised by the Crown Prosecution Service (CPS) in July last year following an investigation by HMRC, the UK tax office.

Prosecutors accused Ecclestone of acting “dishonestly” and intending to profit from the claims.

Ecclestone stepped down as F1 chief executive in 2017 following a four-decade reign of the sport.

Tags: EcclestoneF1
Share276Tweet172

Related Posts

Hamilton and Ocon race RC cars at Suzuka
Formula 1

Hamilton and Ocon race RC cars at Suzuka

13 mins ago
Russell tips McLaren to have the edge over Mercedes at Suzuka
Formula 1

Russell tips McLaren to have the edge over Mercedes at Suzuka

43 mins ago
FIA returns maximum time limit rule for all F1 qualifying laps
Formula 1

FIA returns maximum time limit rule for all F1 qualifying laps

2 hours ago
Load More

Upcoming Races

#EventLocationDate
14Dutch GPZandvoort27 August
15Italian GPMonza03 September
16Singapore GPMarina Bay17 September
17Japanese GPSuzuka24 September
18Qatar GPLusail08 October

Click here for the full 2023 F1 calendar

Drivers’  Standings

#DriverPts
Max Verstappen374
Sergio Perez223
Lewis Hamilton180
Fernando Alonso170
Carlos Sainz142
Charles Leclerc123
George Russell109
Lando Norris97
Lance Stroll47
Pierre Gasly45

Click here for full Drivers’ Standings

Latest Articles

Hamilton and Ocon race RC cars at Suzuka
Formula 1

Hamilton and Ocon race RC cars at Suzuka

September 21, 2023
Russell tips McLaren to have the edge over Mercedes at Suzuka
Formula 1

Russell tips McLaren to have the edge over Mercedes at Suzuka

September 21, 2023
FIA returns maximum time limit rule for all F1 qualifying laps
Formula 1

FIA returns maximum time limit rule for all F1 qualifying laps

September 21, 2023

Follow Motorsport Week

Motorsport Week

© 2023 Motorsport Media Services Ltd

Other Links

  • About & Contact
  • Privacy Policy
  • Motorsport Monday

Follow Us

No Result
View All Result
  • Login
  • Sign Up
  • Home
  • Formula 1
    • Latest News
    • Championship Standings
    • 2023 F1 Calendar
    • Team/Driver Line-Up
    • Session Results
    • Driver Penalty Points
  • Formula E
    • Latest News
    • 2022/23 Formula E Standings
    • 2022/23 Formula E Calendar
    • Session Results
  • MotoGP
    • Latest News
    • Standings
    • Calendar
  • WRC
    • Latest News
    • Standings
    • Calendar
  • IndyCar
    • Latest News
    • Calendar
    • Standings
  • WEC
    • Latest News
    • Calendar
  • Live Updates
  • Other
    • Formula 2
    • Formula 3
    • Moto2
    • Moto3
    • WSeries
    • DTM
    • IMSA
  • Galleries
  • About/Contact
  • Privacy Policy

© 2023 Motorsport Media Services Ltd

Welcome Back!

Login to your account below

Forgotten Password? Sign Up

Create New Account!

Fill the forms below to register

All fields are required. Log In

Retrieve your password

Please enter your username or email address to reset your password.

Log In
X