Bernie Ecclestone denies fraud over Singapore assets

Bernie Ecclestone has denied fraud over an alleged failure to declare about $650m in overseas assets. The 91-year-old former Formula One boss indicated a not guilty plea to a charge of fraud by false representation at Westminster Magistrates’ Court. Photographers outside court were warned not to mob him because of his age. Ecclestone is alleged to have disclosed “only a single trust” to tax authorities, one in favour of his daughters, according to the charge read in court. The court heard he said he was “not the settler or the beneficiary of any other trust” and the prosecution alleged the businessman acted “with the intention of making a gain for yourself”.

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