Former Formula One Boss Ecclestone Indicates Not Guilty Plea To UK Fraud Charge, Sky News Reports

PARIS, France - Former Formula One supremo Bernie Ecclestone has indicated a not guilty plea to a charge of fraud over a failure to declare more than 400 more million pounds ($472 million) of overseas assets, Sky News reported on Monday.

Last month the Crown Prosecution Service said it had reviewed a file of evidence from the British tax authority and authorized a charge against Ecclestone, 91, of fraud by false representation.

Appearing at London's Westminster Magistrates Court, Ecclestone confirmed his name, date of birth and address before indicating a not guilty plea, Sky reported.

The British billionaire was granted unconditional bail ahead of his next court appearance, at Southwark Crown Court on Sept.19.