Ecclestone accused of tax evasion

The Bernie Ecclestone name has once again made headlines from all the leading UK media outlets, this time in connection with the charge of non-payment of taxes of more than £400million.

On Monday, HM Revenue and Customs filed charges against the former F1 chief executive for intentionally failing to declare his foreign assets, following a complex global investigation. UK prosecutors have also confirmed Ecclestone faces serious charges.

The first hearing in this case is scheduled for August 22 and will be held in London at the Westminster Justice of the Peace.

Reuters is citing the words of 91-year-old Ecclestone, who said he has not yet seen any official documents related to the charges, so he cannot comment.

At the same time, he emphasized that what happened did not come as a surprise to him: “For a long time there was talk that something similar was being prepared, but then it was about something else. Looks like they popped up there again. Let’s see how things develop.”

In 2015, the UK tax office demanded Ecclestone pay more than a billion pounds, then it was linked to his family foundation Bambino. But he said the department ignored the 2008 agreements, contested the claims and the case dragged on for years.

Now the story of Bernie Ecclestone’s non-payment of taxes awaits another plot twist. The Crown Prosecutor emphasizes in her statement that the accused has the right to a fair defense, but it is important to avoid any bias, therefore there should be no comments and no exchange of information during the proceedings.

Source: F1 News

Related articles



Please enter your comment!
Please enter your name here

Share article

Latest articles


Subscribe to stay updated.