Bernie Ecclestonethe British billionaire who headed the F1 For many years he pleaded guilty in a London court to fraud that began to be investigated in 2015.
Ecclestone He reached an agreement with the Treasury to pay 653 million pounds for unpaid taxes for the last 18 years, and was also sentenced to 17 months in prison.
Ecclestone did not declare about a trust in Singapore, a bank account that had 400 million free, in addition to lying to the British treasury when he was questioned about it in 2015.
Bernie Ecclestone denied the charges, and claimed that he opened the trust for his three daughters, Deborah, Tamara and Petra.
Bernie Ecclestone, former head of Formula One. Photo: AP
The prosecution
According to the prosecutor, the answers that Ecclestone gave seven years ago were “wrong” and could “lead to error”, while clarifying that the accused was not aware of his position and could not give a clear answer.
“Mr Ecclestone did not know exactly how the ownership of these accounts was structured. Therefore, he did not know whether he had to pay taxes, interest or penalties in connection with transfers between accounts. Mr Ecclestone acknowledges that it was a mistake to answer the questions because it could cause HMRC (the British Treasury) to stop investigating his affairs. “He now accepts that taxes would have to be paid for it,” said the prosecutor.
Ecclestone was the president of Formula Onethe organization that controlled the Formula Oneuntil 2017, a few months after Liberty Media took over the management of this sport.
2023-10-12 23:37:29
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