Former Formula One boss Bernie Ecclestone will be charged with fraud by false representation over an alleged failure to declare £400 million of overseas assets to the government.
The charge against the 91-year-old was authorised by the Crown Prosecution Service (CPS) on Monday following an investigation by Revenue and Customs (HMRC).
Andrew Penhale, chief crown prosecutor, said: "The CPS has reviewed a file of evidence from HMRC and has authorised a charge against Bernard Ecclestone of fraud by false representation in respect of his failure to declare to HMRC the existence of assets held overseas believed to be worth in excess of £400m.
