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Former Formula 1 CEO & British Billionaire Bernie Ecclestone Charged for Failure to Declare S$650 Million Trust Fund in Singapore
27th August 2022 | Hong Kong
Former Formula 1 CEO & British billionaire Bernie Ecclestone (Age 91) had been charged in court (pleaded not guilty) for failing to declare a S$650 million (£400 million) trust fund in Singapore between 2013 to 2016. The charge was filed by United Kingdom (UK) HM Revenue & Customs. According to the charge in court, Bernie Ecclestone had disclosed only 1 trust to tax authorities and is not the beneficiary of the trust, or any other trust. Bernie Ecclestone had been granted bail, with the next hearing on 18th September 2022. Bernie Ecclestone is most known for leading Formula 1 for more than 40 years (1970s to 2017), and is a billionaire with an estimated net worth of more than $3 billion.
“ Former Formula 1 Boss & British Billionaire Bernie Ecclestone Charged for Failure to Declare S$650 Million Trust Fund in Singapore “
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Bernie Ecclestone denies £400m fraud at court hearing
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