Boris Becker Tennis legend Boris Becker sentenced over bankruptcy
London: Tennis legend Boris Becker, who had clinched several Grand Slam titles including Wimbledon in his career, has been jailed for two and a half years for hiding £2.5m worth of assets and loans to avoid paying debts.
Following a trial at Southwark Crown Court, Boris Franz Becker was convicted of four counts against the Insolvency Act 1986. He will appear for sentencing on 29 April 2022, UK's Insolvency Service said in a statement.
During proceedings, the court heard that Boris Becker was made bankrupt on 21 June 2017 in the High Court following a petition from Arbuthnot Latham & Co, a private bank.
Boris Becker was legally obliged to disclose all of his assets so that his trustee could distribute available funds to his creditors.
The former tennis player, however, failed to disclose, concealed and removed significant assets from the Official Receiver and his Trustee in Bankruptcy.
Assets concealed included €426,930.90, which was transferred to several third parties, a property in Leiman, Germany, and 75,000 shares in Breaking Data Corp.
Boris Becker’s failure to disclose all his assets led to his discharge from bankruptcy being suspended indefinitely. He is also subject to a 12-year Bankruptcy Restriction Undertaking, effective from 17 October 2019.
Chief Executive of the Insolvency Service, Dean Beale, said: "Today’s verdict confirms that Boris Becker failed to comply with his legal obligation to declare significant assets in his bankruptcy."
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