Bernie Ecclestone accused of tax evasion

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Former Formula 1 boss Bernie Ecclestone finds himself in trouble with the law again after being charged with fraud for failing to declare more than 400 million pounds ($477 million) in assets to the foreigner to the UK tax authorities.

The Crown Prosecution Service said Ecclestone, 91, faces one count of fraud by false representation.

“This follows a complex and global criminal investigation by HMRC’s Fraud Investigation Service,” said Simon York, Director of Her Majesty’s Revenue and Customs Fraud Investigation Service.

The first hearing in his case is due to be held on August 22 at Westminster Magistrates Court in London.

Bernie Ecclestone, responding to the fraud charge, said he had not yet seen the details. The British billionaire said he didn’t come out of nowhere.

The Briton has continued to make negative headlines in recent months after he was arrested in May in Brazil for possession of an illegal firearm.

The businessman, who has a history of making controversial comments, offended and condemned in June when he defended Russian President Vladimir Putin in a TV interview as a “first-class person” for whom he “would take a ball”.

He apologized in a video posted on Saturday, saying he was not advocating the Russian invasion of Ukraine, but it won him little sympathy from the public.

The Briton was ousted from Formula 1 in 2017 when American company Liberty Media took over the commercial rights to the sport with a more economical vision, turning the pinnacle of motorsport into a global commercial juggernaut.


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