F1 | Bernie Ecclestone guilty: he failed to declare almost 500 million pounds

The assets were held in Singapore: the former Formula 1 boss will now have to pay a large sum

F1 | Bernie Ecclestone guilty: he failed to declare almost 500 million pounds

Bernie Ecclestone he admitted that he had not declared 473 million of pounds of assets held in the city state of Singapore from 2013 to 2016. The former patron of formula 1 he was heard at a hearing in August, but two months ago he declared himself innocent, probably because he was not fully aware of the whole situation. Just weeks into the trial, Mister E appeared at Southwark crown court to admit his guilt in the matter. Thus, Ecclestone will not go to prison and the sentence of one year and five months of imprisonment has been suspended with a suspended sentence of two years, and if in this period of time he does not commit any other crimes of this type, then he will not serve the sentence. A few years ago this Singapore fund was discovered, and in recent months relations with Great Britain had intensified due to investigations into Bernie, and after an agreement was reached, will have to shell out 652 million pounds for not having paid 18 years of taxes.

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