Bernie Ecclestone has been charged with fraud in the UK for failing to declare over £400m of foreign assets F1
Ecclestone presided over F1 for more than four decades before exiting upon the sale of the series to Liberty Media in early 2017. He also owned the Brabham team between 1972 and 1987, and had involvement in F1 dating back to the 1950s.
Andrew Penhale, the chief crown prosecutor, said: “The CPS has reviewed a file of evidence from HMRC and has authorised a charge against Bernard Ecclestone of fraud by false representation in respect of his failure to declare to HMRC the existence of assets held overseas believed to be worth in excess of £400m.
According to Simon York, the director of the HMRC’s Fraud Investigation Service, the charge against Ecclestone “follows a complex and worldwide criminal investigation.”
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