Former F1 chief Ecclestone denies fraud charge involving Singapore bank account

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LONDON: Former Formula 1 supremo Bernie Ecclestone on Monday (Aug 22) pleaded not guilty when he appeared in court in London on a multimillion-pound fraud charge. Ecclestone, 91, was charged in July over an alleged failure to declare more than £400 million (US$473 million) of overseas assets to the United

LONDON: Former Formula 1 supremo Bernie Ecclestone on Monday pleaded not guilty when he appeared in court in London on a multimillion-pound fraud charge.

The ex-motorsport boss arrived at Westminster Magistrates' Court in central London to a throng of photographers and camera crews. In court, white-haired Ecclestone, wearing a dark suit, spoke only to confirm his name and date of birth, and to give an address in Knightsbridge, west London. Ecclestone, a British businessman whose financial net worth has been estimated at about US$3 billion, is widely credited with transforming F1 commercially.

 

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