It was this summer that Ecclestone, former team owner and head of the commercial department of Formula 1, was charged with fraud.
This since he is suspected of having failed to declare foreign assets to the value of five billion kroner to the British tax authority.
The prosecution side said during Monday’s hearing that Ecclestone, among other things, failed to account for a foundation based in Singapore, whose assets amount to 650 million dollars.
Ecclestone was released on bail pending his next court hearing on September 19.
The controversial former F1 boss controlled the sport for four decades until 2017, then continued as honorary chairman until 2020.
According to the magazine Forbes, his total financial assets are estimated at over SEK 31 billion.