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Evening Standard
Evening Standard
World
Tristan Kirk

Former Formula One chief Bernie Ecclestone spared jail after pleading guilty to fraud over hidden £400m

Bernie Ecclestone F1 HMRC

Ex-Formula One supremo Bernie Ecclestone has been spared a jail term after he pleaded guilty to hiding £400 million of overseas assets from the British government.

The 92-year-old billionaire tycoon concealed the existence of a trust in Singapore when HM Revenue and Customs (HMRC) investigators were probing his tax affairs.

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