Former Formula One boss Bernie Ecclestone suggests he will not plead guilty to fraud charges in the UK.

Sky News said on Monday that Bernie Ecclestone, the former head of Formula One, has said he will not plead guilty to a charge of fraud for failing to report more than $472 million in overseas assets.

Last month, the Crown Prosecution Service said that it had looked at a file of evidence from the British tax office and given Ecclestone, who is 91 years old, permission to be charged with fraud by false representation.

Sky said that when Ecclestone went to London’s Westminster Magistrates Court, he gave his name, date of birth, and address and then pleaded “not guilty.”

Before his next court date on September 19 at Southwark Crown Court, the British billionaire was given bail that didn’t have to be paid back.

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