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The Independent UK

National

Matt Mathers

Bernie Ecclestone denies fraud over ‘failure to declare £400m in overseas assets’

Bernie Ecclestone Bernard Ecclestone HMRC Singapore

AP

Former Formula One boss Bernie Ecclestone has denied fraud over an alleged failure to declare £400m of overseas assets to the UK government.

The 91-year-old billionaire is accused of failing to declare to HM Revenue and Customs a trust in Singapore with a bank account containing around $650m (£553m).

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