Home Business News Bernie Ecclestone charged with fraud for failing to declare to HMRC ‘assets held overseas believed to be worth in excess of £400m’

Bernie Ecclestone charged with fraud for failing to declare to HMRC ‘assets held overseas believed to be worth in excess of £400m’

by LLB Reporter
11th Jul 22 2:31 pm

The former Fomula 1 chief Bernie Ecclestone has is set to be charged with fraud after HMRC has accused him of hidding “assets held overseas believed to be worth in excess of £400m.”

Chief crown prosecutor Andrew Penhale confirmed that Ecclestone will face charges after reviewing evidence from HMRC.

He added, “The Crown Prosecution Service reminds all concerned that criminal proceedings against this defendant are now active and that they have a right to a fair trial.

“It is extremely important that there should be no reporting, commentary or sharing of information online which could in any way prejudice these proceedings.”

The director of HMRC’s Fraud Investigation Service Simon York said, “We can confirm that a fraud by false representation charge has been authorised against Bernard Ecclestone.

“This follows a complex and worldwide criminal investigation by HMRC’s Fraud Investigation Service.

“The criminal charge relates to projected tax liabilities arising from more than £400m of offshore assets which were concealed from HMRC.

“HMRC is on the side of honest taxpayers and we will take tough action wherever we suspect tax fraud. Our message is clear – no one is beyond our reach.

“We remind people to refrain from commentary or sharing of information that could prejudice proceedings in any way.

“This is now a matter for the courts and we will not be commenting further.”

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