Ex-Formula One boss Bernie Ecclestone has appeared in court, in the lead up to his November trial over charges of failing to declare more than £400 million in a trust in Singapore to the British government.
Mr Ecclestone, 92, sat between lawyers in the well of Southwark Crown Court on Friday, wearing a dark suit, white shirt, striped tie and dark glasses.
The billionaire was twice asked to confirm his identity by the court’s clerk, before stating his name after his lawyer, Clare Montgomery, explained: “He’s just asking who you are.”
During the administrative hearing, which lasted about an hour, Mr Ecclestone looked at legal documents and glanced towards the public gallery, where his wife, Fabiana Flosi, sat.
He faces a single charge of fraud by false representation between July 13, 2013 and October 5 2016, following an investigation by the Revenue and Customs (HMRC) department into his finances.
Mr Ecclestone has not yet formally entered a plea to the charge, although he previously indicated he would plead not guilty, at his first appearance at Westminster Magistrates’ Court last August.
He is alleged to have failed to declare a trust in Singapore with a bank account containing about $650 million part of the probe, which would have allowed the business magnate to draw a line under any previous tax irregularities.
A trial date was previously fixed for October 9, but the date has since been pushed back to November 16.
On Friday, prosecutor Richard Wright and Ms Montgomery discussed the timetable for future hearings, which the judge, Mr Justice Bryan, set for April 19 and June 6.
The charges allege that Mr Ecclestone, who has three grown-up daughters, Deborah, Tamara and Petra, and a young son, Ace, allegedly made a representation to officers of HMRC “which was, and which he knew was or might have been, untrue or misleading”.
The particulars state that Mr Ecclestone claimed “he had established only a single trust, that being one in favour of his daughters” and “other than the trust established for his daughters he was not the settlor nor beneficiary of any trust in or outside the UK”.
The charge against him was authorised by the Crown Prosecution Service (CPS) in July following an investigation by HMRC, which said the probe had been “complex and worldwide”.
Chief Crown Prosecutor Andrew Penhale said at the time: “The CPS has reviewed a file of evidence from HMRC and has authorised a charge against Bernard Ecclestone of fraud by false representation in respect of his failure to declare to HMRC the existence of assets held overseas believed to be worth in excess of £400 million.”
The specs: 2018 Mitsubishi Eclipse Cross
Price, base / as tested: Dh101,140 / Dh113,800
Engine: Turbocharged 1.5-litre four-cylinder
Power: 148hp @ 5,500rpm
Torque: 250Nm @ 2,000rpm
Transmission: Eight-speed CVT
Fuel consumption, combined: 7.0L / 100km
World record transfers
1. Kylian Mbappe - to Real Madrid in 2017/18 - €180 million (Dh770.4m - if a deal goes through)
2. Paul Pogba - to Manchester United in 2016/17 - €105m
3. Gareth Bale - to Real Madrid in 2013/14 - €101m
4. Cristiano Ronaldo - to Real Madrid in 2009/10 - €94m
5. Gonzalo Higuain - to Juventus in 2016/17 - €90m
6. Neymar - to Barcelona in 2013/14 - €88.2m
7. Romelu Lukaku - to Manchester United in 2017/18 - €84.7m
8. Luis Suarez - to Barcelona in 2014/15 - €81.72m
9. Angel di Maria - to Manchester United in 2014/15 - €75m
10. James Rodriguez - to Real Madrid in 2014/15 - €75m
Gender pay parity on track in the UAE
The UAE has a good record on gender pay parity, according to Mercer's Total Remuneration Study.
"In some of the lower levels of jobs women tend to be paid more than men, primarily because men are employed in blue collar jobs and women tend to be employed in white collar jobs which pay better," said Ted Raffoul, career products leader, Mena at Mercer. "I am yet to see a company in the UAE – particularly when you are looking at a blue chip multinationals or some of the bigger local companies – that actively discriminates when it comes to gender on pay."
Mr Raffoul said most gender issues are actually due to the cultural class, as the population is dominated by Asian and Arab cultures where men are generally expected to work and earn whereas women are meant to start a family.
"For that reason, we see a different gender gap. There are less women in senior roles because women tend to focus less on this but that’s not due to any companies having a policy penalising women for any reasons – it’s a cultural thing," he said.
As a result, Mr Raffoul said many companies in the UAE are coming up with benefit package programmes to help working mothers and the career development of women in general.
Company%20profile
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Uefa Champions League play-off
First leg: Wednesday, 11pm (UAE)
Ajax v Dynamo Kiev
Second leg: Tuesday, August 28, 11pm (UAE)
Dynamo Kiev v Ajax