Bernie Ecclestone denies fraud over £400m of abroad belongings

Bernie Ecclestone denies fraud over £400m of abroad belongings


ormer System One boss Bernie Ecclestone has denied fraud over an alleged failure to declare £400 million of abroad belongings to the Authorities.

Ecclestone, 91, is accused of failing to declare a belief in Singapore with a checking account containing round 650 million US {dollars}.

He was met at Westminster Magistrates’ Court docket on Monday morning by photographers and digicam operators who had been warned by courtroom safety to not mob him due to his age.

His white Vary Rover, with a personalised quantity plate, handed 3 times earlier than the enterprise magnate left the car wearing a darkish three-piece go well with, white shirt and darkish tie.

Ecclestone was walked in by the constructing’s exit by courtroom safety alongside along with his authorized workforce.

Bernie Ecclestone arrives at Westminster Magistrates’ Court docket (Victoria Jones/PA) / PA Wire

Chief Justice of the Peace Paul Goldspring allowed him to face exterior the dock after his barrister Clare Montgomery QC mentioned her consumer was “having slightly little bit of bother listening to”.

Ecclestone stood within the dock to verify his title, date of beginning and handle in Knightsbridge, central London, earlier than indicating a not responsible plea to a cost of fraud by false illustration between July 13 2013 and October 5 2016.

Ecclestone was granted unconditional bail forward of his subsequent look at Southwark Crown Court docket on September 19.

In accordance with the cost, the enterprise magnate allegedly claimed he had “established solely a single belief, that being one in favour of your daughters”.

He’s additionally alleged to have mentioned “aside from the belief established in your daughters you weren’t the settlor nor beneficiary of any belief in or exterior the UK”.

Ecclestone – who has three grown-up daughters, Deborah, 67, Tamara, 38, and Petra, 33, and a younger son, Ace – allegedly made the representations “meaning to make a achieve, particularly not said, for your self”.

The cost in opposition to the billionaire was authorised by the Crown Prosecution Service (CPS) final month after an investigation by HM Income and Customs (HMRC), which mentioned the probe had been “complicated and worldwide”.

Chief crown prosecutor Andrew Penhale mentioned on the time: “The CPS has reviewed a file of proof from HMRC and has authorised a cost in opposition to Bernard Ecclestone of fraud by false illustration in respect of his failure to declare to HMRC the existence of belongings held abroad believed to be value in extra of £400 million.”

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