Former Formula 1 boss sentenced to 17 months in prison for fraud

Former Formula 1 boss Bernie Ecclestone has been given a suspended sentence in a fraud case, Sky News reports.

Ecclestone was sentenced to 17 months in prison, suspended for two years.

In addition, it will pay HM Revenue and Customs (HMRC) £652.6 million over 18 years.

Earlier it was learned that the 92-year-old civil servant had pleaded guilty to failing to declare £400 million (€472 million) which was in a trust fund in Singapore.

On October 28, the civil servant will be 93 years old. Ecclestone stepped down as Formula 1 chief in 2017, he led the racing series for around 40 years.

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Source : MatchTV

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