Ex Formula One boss Ecclestone pleads not guilty to fraud charge
Former Formula One boss Bernie Ecclestone arrives for a hearing at Southwark Crown Court, in London, on June, 6, 2023. (Alberto Pezzali / AP)
Former Formula One boss Bernie Ecclestone on Tuesday formally pleaded not guilty to a fraud charge over his alleged failure to declare millions of dollars held in a trust in Singapore to Britain's government.
The 92-year-old billionaire, who wore a dark suit and dark glasses, confirmed his name at London's Southwark Crown Court before entering a not guilty plea to fraud between July 2013 and October 2016.
He faces trial in November following a worldwide investigation by Britain's tax office into his finances.
Prosecutors allege he failed to declare a trust in Singapore with a bank account containing around US$650 million when he was asked about any trusts abroad that he was involved in.
They allege that Ecclestone claimed he had set up "only a single trust" in favour of his three daughters, and that he was "not the settler nor beneficiary of any trust in or outside the U.K." Prosecutors say he acted "dishonestly" and intended to make a gain from the claims.
Ecclestone headed Formula One racing and controlled the sport for for four decades from the 1970s to 2017, when he stepped down as chief executive and Liberty Media took over the series.
The business magnate denied the fraud charge last summer and formally entered the not guilty plea on Tuesday.
YOUR FINANCES
Here's how much it costs to raise children in Canada, according to new statistics
A new report from Statistics Canada estimates how much parents will spend on children over the course of their lifetime.
Statistics Canada says household debt ratio down in Q2 as income grew
Statistics Canada says the amount Canadians owe relative to how much they earn fell in the second quarter as disposable income comfortably outpaced the growth in debt and demand for mortgages fell.
How electric vehicle insurance compares to gasoline-powered vehicles
As Canada ushers in the era of electric vehicles, here's what costs and factors you should consider before making the switch.
OPINION
OPINION 6 ways to prepare your finances for a potential recession
Despite Canada's economic resilience in the face of rising interest rates, it's still important to be prepared in case a recession hits. In a column for CTVNews.ca, personal finance contributor Christopher Liew shares some practical tips and actionable advice to better weather any economic storm.
Back-to-school: Parents offer tips on how they save during annual shopping spree
A new survey found 46 per cent of Canadians are more worried about their finances during this back-to-school season than in previous years.
opinion
opinion Canada can dodge a recession, but it could still happen; here's why
In his column for CTVNews.ca, personal finance contributor Christopher Liew outlines how Canada might avoid a recession, as well as some risks that could contribute to one.
Budgeting important part of RESP spending plan as students head to school
Parents across the country are getting ready to tap into registered education savings plans to help pay for their children's post-secondary schooling this fall.
Turning to dollar stores for groceries? Here's what a dietician recommends
As Canadians continue to feel the financial toll of inflation while grocery shopping, one registered dietitian offers practical tips for cutting costs at dollar stores, without compromising nutrition.
CTVNews.ca Top Stories
Kinew pledges landfill search for remains of First Nations women, says federal role wasn't part of conversation with PM
Manitoba premier-designate Wab Kinew insists he will keep a commitment to search the Prairie Green landfill for the remains of two First Nations women who are suspected to have been victims of an alleged serial killer.
Liberal MP sides with Conservatives on failed motion to 'repeal all carbon taxes'
Conservative Leader Pierre Poilievre's latest unsuccessful attempt to call on Prime Minister Justin Trudeau to repeal his carbon pricing system has secured the support of one Liberal MP.
Here's how much it costs to raise children in Canada, according to new statistics
A new report from Statistics Canada estimates how much parents will spend on children over the course of their lifetime.
Canada-India tensions: How we got here and what's at stake
In the past month, Canada has accused the Indian government of being involved in a murder on Canadian soil and India has ordered Canada to remove most of its diplomats from the country. Here's how the two countries got to this point, as well as what's at stake if tensions don't ease.
Premier Wab Kinew: From rapper to reporter to Manitoba's top political office
Rap artist. Journalist. Economics student. Premier. Wab Kinew's path as a young man, including several brushes with the law and some convictions, did not appear a likely path to becoming the first First Nations premier of a province.
Rideau Hall apologizes for honouring Nazi veteran, Trudeau 'carefully' considering unsealing records
Rideau Hall is apologizing for the historic appointment of a man who fought for a Nazi unit in the Second World War, to the Order of Canada. Now, Gov. Gen. Mary Simon's office says it is examining two subsequent medals granted in the last two decades. This, as Jewish advocacy groups say the recent and resurfacing recognitions further make their case for the need to unseal Holocaust-related records.
Veterans' headstones vandalized in Fredericton cemetery
It’s been more than a week since a number of headstones in the veterans’ section of a Fredericton cemetery were vandalized and still no leads on who was behind it.
Rail outage that stranded Via, GO Train, other passengers caused by software upgrade: CN
The massive outage on Canadian National Railway Co. lines that delayed thousands of Toronto-area commuters during the evening rush hour Tuesday can be traced to a software upgrade, the company says.
Canadian public libraries played an important role during the pandemic: report
A new report finds that Canadian public libraries were national assets in providing access to knowledge and health to communities during the pandemic, according to the Canadian Urban Institute and Canadian Urban Libraries Council.
Canada
-
Veterans' headstones vandalized in Fredericton cemetery
It’s been more than a week since a number of headstones in the veterans’ section of a Fredericton cemetery were vandalized and still no leads on who was behind it.
-
Canada-India tensions: How we got here and what's at stake
In the past month, Canada has accused the Indian government of being involved in a murder on Canadian soil and India has ordered Canada to remove most of its diplomats from the country. Here's how the two countries got to this point, as well as what's at stake if tensions don't ease.
-
Manitoba Tory cabinet minister denounces right-wing pivot in election campaign
A Manitoba cabinet minister defeated in Tuesday's provincial election says the Progressive Conservative party she has served for years took a hard-right pivot during the election campaign, and now needs to address an identity crisis.
-
Canadian public libraries played an important role during the pandemic: report
A new report finds that Canadian public libraries were national assets in providing access to knowledge and health to communities during the pandemic, according to the Canadian Urban Institute and Canadian Urban Libraries Council.
-
Canada opens applications for scholarships commemorating victims of Iran flight PS752
The Liberals have launched a scholarship to commemorate those killed in the downing of Flight PS752 by Iranian officials in 2020.
-
LIVE
LIVE Thousands gather to mourn fallen B.C. RCMP Const. Rick O'Brien at regimental funeral
Mourners lined the streets of Langley, B.C., on Wednesday to pay their respects to Const. Rick O'Brien as the slain RCMP officer was honoured with a regimental funeral.
World
-
Biden administration waives 26 federal laws to allow border wall construction in South Texas
The Department of Homeland Security announced that the Biden administration leveraged sweeping executive power to waive 26 federal laws in South Texas. The waived laws will allow the construction of up to 20 miles of border barriers.
-
U.S. House is left paralyzed as divided Republicans search for new leader after McCarthy's ouster
The stunning removal of Kevin McCarthy as speaker left the House effectively paralyzed Wednesday as Republicans struggled to bring order to their fractured majority and begin the difficult -- and potentially prolonged -- process of uniting around a new leader.
-
IMF expects continuing U.S. support for Ukraine despite Congress dropping aid
Officials from the International Monetary Fund say they expect the United States will continue playing its key role in amassing multinational support that has helped keep Ukraine's economy afloat during Russia's invasion.
-
Canada-India tensions: How we got here and what's at stake
In the past month, Canada has accused the Indian government of being involved in a murder on Canadian soil and India has ordered Canada to remove most of its diplomats from the country. Here's how the two countries got to this point, as well as what's at stake if tensions don't ease.
-
Kenya's foreign minister reassigned days after touchy comment on country's police mission in Haiti
Kenya's foreign affairs minister was moved to the tourism post Wednesday as part of a Cabinet reshuffle just days after the official said the country's police in the Kenya-led Haiti peacekeeping mission would be deployed 'within a short time.'
-
Hunter Biden prosecutors move to drop old gun count after plea deal collapse
Prosecutors who filed firearms charges against Hunter Biden moved Wednesday to formally dismiss a gun count that had been part of a collapsed plea deal.
Politics
-
Kinew pledges landfill search for remains of First Nations women, says federal role wasn't part of conversation with PM
Manitoba premier-designate Wab Kinew insists he will keep a commitment to search the Prairie Green landfill for the remains of two First Nations women who are suspected to have been victims of an alleged serial killer.
-
Liberal MP sides with Conservatives on failed motion to 'repeal all carbon taxes'
Conservative Leader Pierre Poilievre's latest unsuccessful attempt to call on Prime Minister Justin Trudeau to repeal his carbon pricing system has secured the support of one Liberal MP.
-
Rideau Hall apologizes for honouring Nazi veteran, Trudeau 'carefully' considering unsealing records
Rideau Hall is apologizing for the historic appointment of a man who fought for a Nazi unit in the Second World War, to the Order of Canada. Now, Gov. Gen. Mary Simon's office says it is examining two subsequent medals granted in the last two decades. This, as Jewish advocacy groups say the recent and resurfacing recognitions further make their case for the need to unseal Holocaust-related records.
Health
-
U.K. plans to raise legal smoking age each year until it applies to whole population
U.K. Prime Minister Rishi Sunak on Wednesday proposed raising the legal age that people in England can buy cigarettes by one year, every year until it is illegal for the whole population and smoking hopefully will be gradually phased out among young people.
-
'Unrelenting' fast-food ads using privacy 'loopholes' to target children: study
A first-of-its-kind study by the University of Ottawa has discovered a lack of information on what data and information is collected on children from food service apps.
-
Adolescent ER visits in Ontario for eating disorders saw big jump during pandemic: study
The biggest jump in Ontario emergency room visits and hospitalizations for eating disorders during the first 30 months of the pandemic was seen in adolescents aged 10 to 17, according to a new study.
Sci-Tech
-
U.S. in antitrust trial accuses Google of illegal methods to push up ad prices
A lawyer for the U.S. Justice Department pressed a Google executive on Wednesday about techniques the search and advertising giant used to push up online advertising prices in an allegedly unfair way.
-
Trio wins Nobel Prize in chemistry for quantum dots, tiny particles that power TVs and phones
Three scientists in the United States won the Nobel Prize in chemistry Wednesday for their work on quantum dots -- particles just a few atoms in diameter that can release very bright coloured light and whose applications in everyday life include electronics and medical imaging.
-
3 scientists win Nobel Prize in physics for looking at electrons in atoms during split seconds
Three scientists won the Nobel Prize in physics on Tuesday for their work on how electrons move around the atom during the tiniest fractions of seconds, a field that could one day lead to better electronics or disease diagnoses.
Entertainment
-
Late-night shows return after writers strike as actors resume talks that could end their standoff
Late-night talk shows are returning Monday after a five-month absence brought on by the Hollywood writers strike, while actors completed the first day of talks that could end their own long work walk-off.
-
Mariah Carey is going on a Christmas tour. Here's when it comes to Toronto
Mariah Carey is bringing Christmas to Toronto a bit earlier this year.
-
Suspect charged in rapper Tupac Shakur's fatal shooting makes first court appearance in Las Vegas
A self-described gangster who police and prosecutors say masterminded the shooting death of Tupac Shakur in Las Vegas in 1996 made his first public appearance Wednesday on a murder charge.
