{"id":195178,"date":"2022-07-12T00:03:15","date_gmt":"2022-07-11T18:33:15","guid":{"rendered":"https:\/\/arunachaltimes.in\/?p=195178"},"modified":"2022-07-12T00:03:15","modified_gmt":"2022-07-11T18:33:15","slug":"ex-f1-boss-ecclestone-to-be-charged-with-fraud-over-assets","status":"publish","type":"post","link":"https:\/\/arunachaltimes.in\/index.php\/2022\/07\/12\/ex-f1-boss-ecclestone-to-be-charged-with-fraud-over-assets\/","title":{"rendered":"Ex-F1 boss Ecclestone to be charged with fraud over assets"},"content":{"rendered":"<p style=\"text-align: justify;\">\n<p style=\"text-align: justify;\">LONDON , 11 Jul (AP)\u2014 Former Formula One boss Bernie Ecclestone will be charged with fraud by false representation following a government investigation into his overseas assets, British prosecutors said Monday.<\/p>\n<p style=\"text-align: justify;\">Chief Crown Prosecutor Andrew Penhale said after reviewing evidence from the tax office, authorities have authorized a charge against Ecclestone over his failure to declare overseas assets worth more than 400 million pounds ($477 million).<\/p>\n<p style=\"text-align: justify;\">Simon York, of Her Majesty\u2019s Revenue and Customs, said the announcement followed a \u201ccomplex and worldwide\u201d investigation into the 91-year-old businessman\u2019s finances.<\/p>\n<p style=\"text-align: justify;\">\u201cThe criminal charge relates to projected tax liabilities arising from more than 400 million pounds of offshore assets which were concealed from Her Majesty\u2019s Revenue and Customs,\u201d he said.<\/p>\n<p style=\"text-align: justify;\">\u201cOur message is clear \u2014 no one is beyond our reach,\u201d York added.<\/p>\n<p style=\"text-align: justify;\">The case is expected to be heard at Westminster Magistrates\u2019 Court in London on Aug. 22.<\/p>\n<p style=\"text-align: justify;\">Ecclestone headed Formula One racing and controlled the sport for for four decades from the 1970s to 2017, when he stepped down as chief executive and Liberty Media took over the series.<\/p>\n<p style=\"text-align: justify;\">He was arrested in Brazil in May for carrying a gun in his luggage while boarding a plane.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>LONDON , 11 Jul (AP)\u2014 Former Formula One boss Bernie Ecclestone will be charged with fraud by false representation following a government investigation into his overseas assets, British prosecutors said Monday. Chief Crown Prosecutor Andrew Penhale said after reviewing evidence from the tax office, authorities have authorized a charge against Ecclestone over his failure to [&hellip;]<\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[10],"tags":[],"class_list":{"0":"post-195178","1":"post","2":"type-post","3":"status-publish","4":"format-standard","6":"category-sports"},"_links":{"self":[{"href":"https:\/\/arunachaltimes.in\/index.php\/wp-json\/wp\/v2\/posts\/195178","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/arunachaltimes.in\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/arunachaltimes.in\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/arunachaltimes.in\/index.php\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/arunachaltimes.in\/index.php\/wp-json\/wp\/v2\/comments?post=195178"}],"version-history":[{"count":0,"href":"https:\/\/arunachaltimes.in\/index.php\/wp-json\/wp\/v2\/posts\/195178\/revisions"}],"wp:attachment":[{"href":"https:\/\/arunachaltimes.in\/index.php\/wp-json\/wp\/v2\/media?parent=195178"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/arunachaltimes.in\/index.php\/wp-json\/wp\/v2\/categories?post=195178"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/arunachaltimes.in\/index.php\/wp-json\/wp\/v2\/tags?post=195178"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}