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HomeUKBernie Ecclestone faces fraud cost over belief for daughters, paperwork present

Bernie Ecclestone faces fraud cost over belief for daughters, paperwork present


ormer Formulation One boss Bernie Ecclestone is accused of falsely claiming he had solely arrange a single belief for his daughters in an alleged failure to declare £400 million of abroad property to the Authorities, in line with courtroom paperwork.

Ecclestone, 91, is because of seem at Westminster Magistrates’ Court docket on Monday to face a cost of fraud by false illustration between July 13 2013 and October 5 2016.

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

Bernie Ecclestone was charged after an HMRC probe (David Davies/PA) / PA Wire

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

Ecclestone, who has three grown-up daughters, Deborah, 67, Tamara, 38, and Petra, 33, is alleged to have made the representations “aspiring to make a achieve, particularly not acknowledged, for your self”.

The cost towards the billionaire, whose tackle is listed in Knightsbridge, central London, was authorised by the Crown Prosecution Service (CPS) final month following an investigation by HM Income and Customs (HMRC), which stated the probe had been “advanced and worldwide”.

Chief Crown Prosecutor Andrew Penhale stated on the time: “The CPS has reviewed a file of proof from HMRC and has authorised a cost towards Bernard Ecclestone of fraud by false illustration in respect of his failure to declare to HMRC the existence of property held abroad believed to be price in extra of £400m.”

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