Ex- F1 employer Bernie Ecclestone to be charged with scams

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Ex-F1 boss Bernie Ecclestone to be charged with fraud

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Former Formula One employer Bernie Ecclestone will be charged with scams by incorrect representation over a supposed failure to state ₤400 m of abroad properties to the federal government.

The charge versus the 91- year-old was authorised by the Crown Prosecution Service (CPS) on Monday following an examination by Revenue and Customs (HMRC).

Andrew Penhale, Chief Crown Prosecutor, stated: “The CPS has actually evaluated a file of proof from HMRC and has actually authorised a charge versus Bernard Ecclestone of scams by incorrect representation in regard of his failure to state to HMRC the presence of properties held overseas thought to be worth in excess of ₤400 m.

“The Crown Prosecution Service advises all worried that criminal procedures versus this offender are now active which they have a right to a reasonable 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.”

Simon York from HMRC stated that the examination had actually been “complex and worldwide”.

“We can confirm that a fraud by false representation charge has been authorised against Bernard Ecclestone,” he stated.

“This follows a complex and around the world criminal examination by HMRC’s Fraud Investigation Service.

“The criminal charge connects to predicted tax liabilities occurring from more than ₤400 m of overseas properties which were hidden from HMRC.

” HMRC is on the side of truthful taxpayers and we will take hard action any place we think tax scams. Our message is clear – nobody is beyond our reach.

“We advise individuals to avoid commentary or sharing of details that might bias procedures in any method. This is now a matter for the courts and we will not be commenting even more.”

The case will initially be heard at Westminster Magistrates’ Court on August 22.

Ecclestone utilized to be F1’s CEO prior to Liberty Media’s takeover in 2017, and he left his emeritus position within the sport in 2020.