The 92-year-old has pleaded guilty to fraud at Southwark Crown Court today.
Ex-Formula One boss Bernie Ecclestone has been sentenced to 17 months in prison suspended for two years, after admitting to declare £400m of overseas assets to the government.
He was photographed arriving at court wearing a three-piece suit and grey tie. Speaking in court, he said: "I plead guilty". The charge stated Ecclestone, who has three grown-up daughters, Deborah, Tamara and Petra, and a young son, Ace, had "established only a single trust, that being one in favour of your daughters and other than the trust established for your daughters you were not the settlor nor beneficiary of any trust in or outside the UK".The court heard Ecclestone had said "no" when asked by HMRC officers whether he had any links to any further trusts "in or outside the UK".
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