Europe

Bernie Ecclestone arrives at London court to face £400m fraud charge

We use your sign-up to provide content in ways you’ve consented to and to improve our understanding of you. This may include adverts from us and 3rd parties based on our understanding. You can unsubscribe at any time. More info

Bernie Ecclestone arrived in court on Friday where he is charged with fraud by false representation after failing to declare £400million of overseas assets. The 92-year-old billionare was spotted arriving in a white Range Rover dressed in a black leather jacket with a fur collar over a shirt and tie. A provisonal trial date has been set for October this year. The charge relates to the period between July 13, 2013 and October 5 2016 when he is alleged to have aile to declare a trust in Singapore containing arund $650million.

According to the charge, Ecclestone allegedly claimed that he had “established only a single trust, that being one in favour of your daughters”.

Ecclestone has three daughters, Deborah, 67, Tamara, 28 and Petra, 33 as well as a young son, Ace. 

The Crown Prosecution Serice said the investigation had been “complex and worldwide”

Ecclestone made his billions in his four decade long career as the boss of Formula 1.

He is one of the richest men in Britain with an estimated net worth of around £2.5billion. 

Ecclestone has been married three times, to Ivy Bamford, model Slavica Radic and his current wife Fabiana Flosi.

We’ll be bringing you the very latest updates, pictures and video on this breaking news story.

For the latest news and breaking news visit: /news

Stay up to date with all the big headlines, pictures, analysis, opinion and video on the stories that matter to you.

Follow our social media accounts here on facebook.com/DailyExpress and @daily_express

Source: Read Full Article