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Singapore worked with UK to probe F1's Ecclestone case

Bloomberg
Bloomberg • 2 min read
Singapore worked with UK to probe F1's Ecclestone case
Ecclestone pleaded not guilty in June to a criminal fraud charge for failing to tell British authorities about assets held in a Singapore bank. Photo: Bloomberg
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Singapore worked closely with the UK to investigate and prosecute Formula One mogul Bernie Ecclestone, according to a written reply to parliamentary questions by Deputy Prime Minister Lawrence Wong.

Ecclestone pleaded not guilty in June to a criminal fraud charge for failing to tell British authorities about assets held in a Singapore bank of around US$650 million ($873.5 million).

“Singapore proactively shared relevant information with our UK counterparts, which helped them develop their case,” according to the statement late Wednesday. The Monetary Authority of Singapore, police and Attorney General’s Chambers had aided UK agencies in the investigation.

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