Former Formula One boss Bernie Ecclestone will face charges of fraud by false representation after an investigation by UK tax authorities that allegedly found undeclared assets worth more than £400m overseas. The UK’s Crown Prosecution Service (CPS) said on Monday it had “authorised the charging of Bernard Charles Ecclestone with fraud by false representation, following a [HM Revenue and Customs] investigation”. Simon York, the director of HMRC’s fraud investigation service, said the tax authority had carried out a “complex and worldwide criminal investigation”. “HMRC is on the side of honest taxpayers and we will take tough action wherever we suspect tax fraud,” York said.

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