{"id":5256,"date":"2022-10-05T08:32:06","date_gmt":"2022-10-05T08:32:06","guid":{"rendered":"https:\/\/www.casinoenligne.uk.com\/en\/f1\/news\/28635-former-formula-one-magnate-bernie-ecclestone-will-be-tried-for-fraud-next-year"},"modified":"2022-10-05T08:32:06","modified_gmt":"2022-10-05T08:32:06","slug":"28635-former-formula-one-magnate-bernie-ecclestone-will-be-tried-for-fraud-next-year","status":"publish","type":"post","link":"https:\/\/www.casinoenligne.uk.com\/en\/f1\/news\/28635-former-formula-one-magnate-bernie-ecclestone-will-be-tried-for-fraud-next-year","title":{"rendered":"Former Formula One magnate Bernie Ecclestone will be tried for fraud next year"},"content":{"rendered":"

Former Formula 1 boss, Bernie Ecclestone, was informed by the court on Tuesday that he will be tried next year for a charge of tax fraud related to over \u00a3400 million (\u20ac473 million) of offshore assets.<\/p>\n

The 91-year-old man appeared before the Southwark Crown Court in London, accompanied by his wife Fabiana, after pleading not guilty to a charge of fraud by false representation at a hearing last month.<\/p>\n

Bernie Ecclestone is accused of having made a “false or misleading” statement to the British tax authorities between July 2013 and October 2016, according to the indictment from the Crown Prosecution Service. It states that the British billionaire dishonestly declared to HM Revenue and Customs that he had only established one trust for his daughters and that, apart from this, he was neither the settlor nor the beneficiary of any trust in the UK or elsewhere.<\/p>\n

Released on bail<\/h2>\n

Last July, the prosecution authorized his indictment after a “complex and international” tax investigation. The former Formula 1 magnate pleaded not guilty during a hearing one month later.<\/p>\n

The person who was removed from the presidency of Formula 1 in 2017, when Liberty Media took over the commercial rights of the sport, has been granted unconditional bail before his trial, which is set to begin in the same court on October 9, 2023. His trial next year is expected to last up to six weeks.<\/p>\n

After a brief career as a racing driver in the late 1950s, Bernie Ecclestone became the head of the British team Brabham. He ruled the top category of motorsport for nearly 40 years and was one of the pioneers of the commercialization of TV broadcasting rights in the late 1970s. A powerful businessman, his fortune is estimated by Forbes magazine to be over \u00a32.5 billion, or \u20ac2.87 billion.<\/p>\n","protected":false},"excerpt":{"rendered":"

Bernie Ecclestone, former boss of Formula 1, is accused of failing to declare over 473 million euros of assets held abroad to the British tax authorities, between 2013 and 2016.<\/p>\n","protected":false},"author":106,"featured_media":34741,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[1,1749],"tags":[87,113],"class_list":["post-5256","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-f1","category-news","tag-bernie-ecclestone","tag-business"],"acf":[],"yoast_head":"\nFormer Formula One magnate Bernie Ecclestone will be tried for fraud next year - Motorsinside English<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.casinoenligne.uk.com\/en\/f1\/news\/28635-former-formula-one-magnate-bernie-ecclestone-will-be-tried-for-fraud-next-year\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Former Formula One magnate Bernie Ecclestone will be tried for fraud next year - 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