Former Formula One chief Bernie Ecclestone has confessed to a fraud charge concerning the nondisclosure of over £400m in a Singapore trust. The 92-year-old billionaire, who had initially pleaded not guilty, changed his plea to “guilty” during a hearing at Southwark Crown Court. Ecclestone was scheduled to face trial in the upcoming month. Stay tuned for further updates on this developing story. Please refresh the page for the latest information.