Bernie Ecclestone charged with fraud over £400m assets

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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