Bernie Ecclestone, the man who controlled Formula One for four decades, is going on trial on Monday in the UK for alleged tax fraud. The 91-year-old billionaire is accused of failing to declare EUR 400 million (ca. $399 million at today's rates) in overseas assets, and he denied the charges with a not guilty plea last month.
It is important to note that the accusations refer to the period between July 2013 and October 2016, when Bernie was still in charge of Formula 1. At the time, British tax officials had carried out a worldwide investigation into his finances.
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