Image source: Crash
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Former F1 supremo Bernie Ecclestone has pleaded guilty to fraud after failing to declare £400m in overseas assets.
On Thursday morning, the 92-year-old Ecclestone admitted to the charge of hiding over £400m in a trust in Singapore during an appearance at Southwark Crown Court. He had been accused of this financial misconduct by the government and had denied the allegations in August of the previous year. Ecclestone, who was a prominent figure in Formula 1 from the late 1970s until January 2017, was charged with a single count of fraud by false representation in October. Dressed in a dark grey suit and grey tie, he pleaded guilty at the court hearing.
Source: Crash
