Bernie Ecclestone charged with fraud after ‘failing to declare £400m in overseas assets’

The tycoon, 91, is accused of failing to declare overseas assets worth more than £400million to the taxman. Chief crown prosecutor Andrew Penhale said this afternoon that the CPS authorised the charge “in respect of his failure to declare to HMRC the existence of assets held overseas”. Simon York, director of HMRC’s fraud investigation service, 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.

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