Ex-Formula 1 CEO Bernie Ecclestone pleads guilty to fraud after failing to declare £400million in assets ...Middle East

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Ex-Formula 1 CEO Bernie Ecclestone pleads guilty to fraud after failing to declare £400million in assets
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Ex-Formula 1 chief executive Bernie Ecclestone has pleaded guilty to failing to declare £400million in a trust fund. The 92-year-old former F1 boss appeared in Southwark Crown Court on Thursday and said: “I plead guilty.” AFPEcclestone appeared in Southward on Thursday[/caption] In July 2015 Ecclestone failed to declare a trust fund in a Singapore bank account which contained around $650m, or £400m. The charge stated Ecclestone, had “established only a single trust, that being one in favour of your daughters and other than the trust established for your daughters you were not the settlor nor beneficiary of any trust in or outside the UK”. Ecclestone, who has three grown-up dau

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