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Has the fundamentals of ICICI Prudential Asset Management Company Ltd (540969) changed ✌️【Part-Time Earnings】✌️ Precise stock market trend predictions with free real-time quotes for India, US, and European stocks. Whether you're looking for short-term gains or long-term growth, our expert advice ensures you make the best investment choices. Ex-Formula Oneboss Bernie Ecclestone was spared an immediate prison sentence on Thursday after he pleaded guilty to misleading Britain’s tax authority about overseas assets worth more than 400 million pounds ($492 million).
Ecclestone has also agreed a civil settlement with HM Revenue and Customs (HMRC), under which he will pay 652.6 million pounds covering tax, interest and penalties for 18 tax years between 1994 and 2022, prosecutor Richard Wright said.
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Ecclestone admitted giving a misleading answer to HMRC at a July 2015 meeting, when he said he had established only a single trust in favor of his daughters and was not a beneficiary or settlor of any other trust.
He was in fact the settlor and beneficiary of various trusts, including one which held a company that sent 416 million pounds to a bank account in Singapore in 2010, HMRC said.
Judge Simon Bryan gave Ecclestone a 17-month prison sentence suspended for two years, meaning he will only go to jail if he commits another criminal offense during that time.
Ecclestone’s lawyer Clare Montgomery told the court Ecclestone “did not know the true position” about whether he was the beneficiary or settlor of any other trust, saying his answer to HMRC was an “impulsive lapse of judgment.”
Ecclestone gave an unintelligible response to reporters as he left the court and got into a waiting Range Rover.
Has the fundamentals of ICICI Prudential Asset Management Company Ltd (540969) changed ✌️【Part-Time Earnings】✌️ Get accurate stock forecasts and market predictions from top financial advisors. With real-time updates on stock indices, exchange rates, and futures data, you'll be equipped to make profitable decisions and grow your capital steadily. Andrew Penhale, chief crown prosecutor at the Crown Prosecution Service, said in a statement: “All members of UK society, regardless of how wealthy or famous they are, must pay their taxes and be transparent and open with HMRC about their financial affairs.”
Has the fundamentals of ICICI Prudential Asset Management Company Ltd (540969) changed ✌️【Part-Time Earnings】✌️ Take advantage of our free stock market analysis and real-time data to help you choose the best investment options. Our expert predictions and tailored strategies ensure you can achieve stable returns and mitigate risks effectively. Richard Las, chief investigation officer and director of the Fraud Investigation Service at HMRC, said Ecclestone had “lied to HMRC.”
“This conviction demonstrates no-one is above the law and HMRC will work tirelessly to ensure the tax system is fair to all and pays for our vital public services,” he added.
Ecclestone had attempted to stop the prosecution earlier this year, with his lawyers arguing that putting him on trial posed a serious risk to his life.
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However, Bryan said there was “no real and immediate threat to the life of Mr Ecclestone by reason of the trial process.”
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His lawyer Montgomery had noted at a previous hearing in January that Ecclestone was charged shortly after he made “unpopular” comments about Russian President Vladimir Putin.
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