Beautiful Virgin Islands

Friday, Aug 29, 2025

Former Formula One supremo Ecclestone charged with UK tax fraud

Former Formula One supremo Ecclestone charged with UK tax fraud

Former Formula One supremo Bernie Ecclestone has been charged with fraud over a failure to declare more than 400 million pounds ($477 million) of overseas assets to the British tax authority, prosecutors said on Monday.
The Crown Prosecution Service said Ecclestone, 91, faced one count of fraud by false representation.

"This follows a complex and worldwide criminal investigation by HMRC's Fraud Investigation Service," said Simon York, Director at the Fraud Investigation Service of Her Majesty's Revenue and Customs (HMRC).

The first hearing in his case is due to be held on Aug. 22 at London's Westminster Magistrates Court.

Contacted by Reuters in Ibiza, Ecclestone said he was yet to see the details.

"I haven't seen that so I don't know so I can't comment," he said when the statement was read to him.

The British billionaire indicated it had not come out of the blue, however.

"It's something that has been talked about happening, but not in the way you said, something a little bit different to that, quite a while ago," he said. "They've probably got all excited again. Let's see what happens."

In 2015, Ecclestone faced a demand from HMRC for payment of more than 1 billion pounds ($1.19 billion) in relation to a family trust.

He said then that HMRC had not respected an agreement made in 2008 over the 'Bambino Trust', set up for the benefit of his ex-wife Slavica and daughters Tamara and Petra, and he was taking legal action.

The Briton was ousted as Formula One supremo in 2017 when U.S.-based Liberty Media took over the sport's commercial rights.

He maintains an office in London but now spends most of his time abroad, with residences in Switzerland and Ibiza as well as a farm in Brazil.

He has continued to make headlines however, and in May Brazilian police said they had arrested him after finding a handgun in his luggage as he was trying to leave the country.

Ecclestone acknowledged owning it but said he was unaware it was in his luggage. He was freed to leave after paying bail.

The businessman, who has a history of controversial comments, caused offence and drew condemnation in June when he defended Russian President Vladimir Putin in a television interview as a "first class person" he would "take a bullet" for.

He apologised in a video released on Saturday, saying he was not defending the Russian invasion of Ukraine.

($1 = 0.8402 pounds)
Newsletter

Related Articles

Beautiful Virgin Islands
0:00
0:00
Close
Bruce Willis Relocated Due to Advanced Dementia
French and Korean Nuclear Majors Clash As EU Launches Foreign Subsidy Probe
EU Stands Firm on Digital Rules as Trump Warns of Retaliation
Getting Ready for the 3rd Time in Its History, Germany Approves Voluntary Military Service for Teenagers
Argentine President Javier Milei Evacuated After Stones Thrown During Campaign Event
Denmark Confronts U.S. Diplomat Over Covert Trump-Linked Influence in Greenland
Starmer Should Back Away from ECHR, Says Jack Straw
Trump Demands RICO Charges Against George Soros and Son for Funding Violent Protests
Taylor Swift Announces Engagement to NFL Star Travis Kelce
France May Need IMF Bailout, Warns Finance Minister
Chinese AI Chipmaker Cambricon Posts Record Profit as Beijing Pushes Pivot from Nvidia
After the Shock of Defeat, Iranians Yearn for Change
Ukraine Finally Allows Young Men Aged Eighteen to Twenty-Two to Leave the Country
The Porn Remains, Privacy Disappears: How Britain Broke the Internet in Ten Days
YouTube Altered Content by Artificial Intelligence – Without Permission
Welcome to The Definition of Insanity: Germany Edition
Just a reminder, this is Michael Jackson's daughter, Paris.
Spotify’s Strange Move: The Feature Nobody Asked For – Returns
Manhunt in Australia: Armed Anti-Government Suspect Kills Police Officers Sent to Arrest Him
China Launches World’s Most Powerful Neutrino Detector
How Beijing-Linked Networks Shape Elections in New York City
Ukrainian Refugee Iryna Zarutska Fled War To US, Stabbed To Death
Elon Musk Sues Apple and OpenAI Over Alleged App Store Monopoly
2 Australian Police Shot Dead In Encounter In Rural Victoria State
Vietnam Evacuates Hundreds of Thousands as Typhoon Kajiki Strikes; China’s Sanya Shuts Down
UK Government Delays Decision on China’s Proposed London Embassy Amid Concerns Over Redacted Plans
A 150-Year Tradition to Be Abolished? Uproar Over the Popular Central Park Attraction
A new faith called Robotheism claims artificial intelligence isn’t just smart but actually God itself
Deputy Prime Minister Angela Rayner Purchases Third Property Amid Housing Tax Reforms Debate
HSBC Switzerland Ends Relationships with Over 1,000 Clients from Saudi Arabia, Lebanon, Qatar, and Egypt
Sharia Law Made Legally Binding in Austria Despite Warnings Over 'Incompatible' Values
Italian Facebook Group Sharing Intimate Images Without Consent Shut Down Amid Police Investigation
Dutch Foreign Minister Resigns Amid Deadlock Over Israel Sanctions
Trump and Allies Send Messages of Support to Ukraine on Independence Day Amid Ongoing Conflict
China Reels as Telegram Chat Group Shares Hidden-Camera Footage of Women and Children
Sam Nicoresti becomes first transgender comedian to win Edinburgh Comedy Award
Builders uncover historic human remains in Lancashire house renovation
Australia Wants to Tax Your Empty Bedrooms
MotoGP Cameraman Narrowly Avoids Pedro Acosta Crash at Hungarian Grand Prix
FBI Investigates John Bolton Over Classified Documents in High-Profile Raids
Report reveals OpenAI pitched national ChatGPT Plus subscription to UK ministers
Labour set to freeze income tax thresholds in long-term 'stealth' tax raid
Coca‑Cola explores sale of Costa coffee chain
Trial hears dog walker was chased and fatally stabbed by trio
Restaurateur resigns from government hospitality council over tax criticism
Spanish City funfair shut after serious ride injury
Suspected arson at Ilford restaurant leaves three in critical condition
Tottenham beat Manchester City to go top of Premier League
Bank holiday heatwave to hit 30°C before remnants of Hurricane Erin arrive
UK to deploy immigration advisers to West Africa to block fake visas
×