Former Formula 1 boss Bernie Ecclestone will be charged with fraud by false representation following an investigation into overseas assets believed to be worth more than £400m.
The 91-year-old spent 40 years as the head of F1 before being removed as its chief executive officer in 2017.
The Crown Prosecution Service said the charge follows an investigation by HMRC.
The CPS said the charge of fraud is “in respect of his failure to declare to HMRC the existence of assets held overseas believed to be worth in excess of £400m”.