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Ex-Formula One boss Bernie Ecclestone has admitted fraud after failing to declare more than £400million held in a trust in Singapore to the Government. The 92-year-old said “I plead guilty” at Southwark Crown Court on Thursday while standing in the well of the court wearing a dark suit and grey tie. On July 7, 2015, the billionaire failed to declare a trust in Singapore with a bank account containing around 650 million US dollars, worth about £400million at the time. The charge stated Ecclestone, who has three grown-up daughters, Deborah, Tamara and Petra, and a young son, Ace, had “established only a single trust, that being one in favour of your daughters, and other than the trust established for your daughters you were not the settlor nor beneficiary of any trust in or outside the UK”. Before his guilty plea, he had been due to face trial in November on the single fraud charge. The court heard Ecclestone had said “no” when asked by HMRC officers whether he had any links to any further trusts “in or outside the UK”. Prosecutor Richard Wright KC said: “That answer was untrue or misleading. “Mr Ecclestone knew his answer may have been untrue or misleading. “As of July 7, 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. “He therefore did not know whether it was liable for tax, interest or penalties in relation to amounts passing through the accounts. “Mr Ecclestone recognises it was wrong to answer the questions he did because it ran the risk that HMRC would not continue to investigate his affairs. “He now accepts that some tax is due in relation to these matters.” Read More FIA to review Qatar GP as ‘dangerous’ temperatures prompt driver complaints Lewis Hamilton and George Russell vent anger on radio after collision in Qatar Lewis Hamilton crashes out after first-corner collision with George Russell In his own words: Christian Horner on world champion Max Verstappen Angry Lance Stroll shoves personal trainer and storms out of interview Max Verstappen fastest in Qatar practice as he closes in on world championship

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British Formula 2 star Oliver Bearman will drive for Haas in practice sessions in Mexico and Abu Dhabi later this year. The 18-year-old, from Chelmsford, is a member of the Ferrari Driver Academy and Haas currently receive their engines from the Italian giants. As a result of their partnership and Haas’ requirement to fill at least two first practice sessions a season with a rookie driver, Bearman will feature in FP1 in Mexico City later this month and at the season-finale in Abu Dhabi in November. Bearman is currently sixth in the F2 standings with four victories to his name. He won the Italian F4 championship in 2021 and raced in Formula 3 last year, finishing third. “I am so happy to be joining MoneyGram Haas F1 Team driving in Mexico and Abu Dhabi,” said Bearman. “Getting to Formula 1 has been my dream since I was go-karting so to be driving a car for the first time this year is really special. “I’m grateful to the team, and of course Ferrari, for allowing me this chance. I’m working hard to make sure I’m ready to support the team as best I can on both occasions.” Haas team principal Guenther Steiner added: “We’re very happy to offer Oliver Bearman these outings in Mexico and Abu Dhabi “He’s had a stellar rookie season in Formula 2, four wins is testament to that, and as part of the Ferrari Driver Academy – we know his background preparation coming into these weekends will be first-rate. We look forward to welcoming Oliver into the team and have him drive the VF-23.” Bearman will be present in the paddock this weekend in Qatar as he embeds himself within the Haas team ahead of his first outing in Mexico City on 27 October. Read More ‘Referees make mistakes’: Pierre Gasly compares Liverpool VAR farce to Abu Dhabi controversy Aston Martin boss urges F1 to stick to 10 teams Mick Schumacher holds talks with Alpine over 2024 drive

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