The court heard Ecclestone reached a £652.6m settlement with HMRC.
Ex-Formula One boss Bernie Ecclestone has avoided jail after pleading guilty to fraud over a failure to declare £400m held in a trust in Singapore to the government. Ecclestone, who turns 93 later this month, was sentenced to 17 months in jail, suspended for two years. He was due to face trial at Southwark Crown Court in November after previously denying the charge.
Prosecutor Richard Wright KC said: 'That answer was untrue or misleading. Mr Ecclestone knew his answer may have been untrue or misleading. 'As of 7 July 2015, Mr Ecclestone did not know the truth of the position, so was not able to give an answer to the question. 'Mr Ecclestone was not entirely clear on how ownership of the accounts in question were structured.
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