Former Formula One supremo Bernie Ecclestone has been charged with fraud over a failure to declare more than 400 million pounds (US$477 million) of overseas assets to the British tax authority, prosecutors said on Monday.
"This follows a complex and worldwide criminal investigation by HMRC's Fraud Investigation Service," said Simon York, Director at the Fraud Investigation Service of Her Majesty's Revenue and Customs .
In 2015, Ecclestone faced a demand from HMRC for payment of more than 1 billion pounds in relation to a family trust. The Briton was ousted as Formula One supremo in 2017 when U.S.-based Liberty Media took over the sport's commercial rights. He has continued to make headlines however, and in May Brazilian police said they had arrested him after finding a handgun in his luggage as he was trying to leave the country.
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