Ex-Formula 1 boss Bernie Ecclestone pleaded guilty Thursday to tax fraud, as he faces charges of failing to declare more than 400 million pounds ($682 million Canadian) of assets held in Singapore, between 2013 and 2016.
• Read also: Bernie Ecclestone pleads not guilty to UK tax fraud
• Read also: Former F1 boss Bernie Ecclestone accused of tax fraud in UK
Aged 92, Bernie Ecclestone initially pleaded not guilty in August 2022, but finally admitted the charges against him during a hearing on Thursday in London.
He will thus be sentenced at a later date, instead of the trial which was to open on November 16.