Ex-F1 boss Ecclestone charged with fraud over £400m of overseas assets

Ecclestone presided over F1 for more than four decades before exiting upon the sale of the series to Liberty Media in early 2017. He also owned the Brabham team between 1972 and 1987, and had involvement in F1 dating back to the 1950s.

The 91-year-old has a net worth of around £2.5 billion, according to The Sunday Times Rich List, but he has now been charged with fraud following an investigation by HMRC, the UK’s taxation body.

The Crown Prosecution Service issued a…