Bernie Ecclestone denies fraud over £400m in Singapore trust

He is accused of failing to declare a trust in Singapore with a bank account containing around $650m

Former Formula One boss Bernie Ecclestone has denied fraud over an alleged failure to declare to the Government more than £400 million in a trust in Singapore (Victoria Jones/PA)

Former Formula One boss Bernie Ecclestone has denied fraud over an alleged failure to declare to the Government more than £400 million in a trust in Singapore.

The 91-year-old was charged after a probe by HM Revenue and Customs (HMRC), which would have allowed the business magnate to draw a line under any previous tax irregularities, Westminster Magistrates’ Court heard.