FORMER F1 supremo Bernie Ecclestone has admitted fraud but been spared jail after agreeing to pay a £652million tax bill.
The 92-year-old admitted failing to declare more than £400million held in a trust in Singapore during a tax probe. Yesterday, following an eighty-year legal battle, the billionaire pleaded guilty to one count of fraud.
He agreed a civil settlement of £652,634,836 to clear his tax debt to HMRC accrued over 18 years.
The figure is made up of a £340million penalty as well as settling wider tax affairs and interest.
This story is from the October 13, 2023 edition of Daily Record.
Start your 7-day Magzter GOLD free trial to access thousands of curated premium stories, and 9,000+ magazines and newspapers.
Already a subscriber ? Sign In
This story is from the October 13, 2023 edition of Daily Record.
Start your 7-day Magzter GOLD free trial to access thousands of curated premium stories, and 9,000+ magazines and newspapers.
Already a subscriber? Sign In
Season has been HILL a slow burner but now we're fired up for the top six
Gers win was long time coming for Marley
Getting a here game is á tall order
Giant Merino - I'm one of Arsenal's little men
We should've had more time together
Husband savs treatment wait was 'ticking timebomb'
WAR & PAWS
Luna and Plusza rescued from heavy shelling
Drum might say..
Axed Oasis drummer Tony: Me &Gallaghers get on better now
Reign storm
Indigenous politician accuses King of genocide as royals visit Oz parliament
PENNE PINCHERS
Restaurant owners sickened’ as pair use handbag trick to dodge bill
News you had left us came up on my phone.I went cold
Nicola on shocking way she heard of tragic star's death
We work together but we are not friends... that's OK
Strictly's Nadiya opens up about split from Kai
No calm after storm
Chaos sees buses, trains and ferries cancelled while hillwalkers are condemned by rescuers
