F1’s Ecclestone Faces U.K. Tax Evasion Investigation, Focus Says
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Formula One Chief Executive Officer Bernie Ecclestone is being investigated by U.K. tax authorities on suspicion of tax evasion, Germany’s Focus magazine reported, without saying where it got the information.
U.K. authorities have asked Germany’s Finance Ministry for help in the investigation, the magazine said. The backdrop to the investigation is the bribery case involving a $44 million payment to former Bayerische Landesbank Chief Risk Officer Gerhard Gribkowsky, including the source of the bribery payment, Focus said.