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F1 chief's son-in-law charged over claims he helped a drug trafficker F1 chief's son-in-law charged with helping drug trafficker
(about 1 hour later)
The husband of Formula One heiress Tamara Ecclestone has been charged over allegedly helping a drug trafficker, Scotland Yard has said. The husband of the Formula One heiress Tamara Ecclestone is facing a prison sentence after being charged with helping a drug trafficker.
Jay Rutland, 34, son-in-law to F1 chief executive Bernie Ecclestone, was charged with assisting an offender and will appear at Thames magistrates court on 16 March. Jay Rutland, 34, the son-in-law of F1 chief executive Bernie Ecclestone, was charged with assisting an offender and will appear at Thames magistrates court on 16 March, Scotland Yard said.
The former city trader is understood to be accused of helping James Tarrant, who handed himself in last year after five years on the run.The former city trader is understood to be accused of helping James Tarrant, who handed himself in last year after five years on the run.
Tarrant was accused of conspiracy to supply cocaine and cannabis as well as possession of a gun and ammunition when he absconded before his trial in 2009. He was convicted in his absence and given a 14-year prison sentence.Tarrant was accused of conspiracy to supply cocaine and cannabis as well as possession of a gun and ammunition when he absconded before his trial in 2009. He was convicted in his absence and given a 14-year prison sentence.
Tarrant was extradited from Holland in December last year to serve his sentence after handing himself in to Dutch police in September.Tarrant was extradited from Holland in December last year to serve his sentence after handing himself in to Dutch police in September.
Rutland, from Kensington, west London, who married Ecclestone in 2013 and with whom he has a young daughter, was arrested and charged on Wednesday. Rutland, from Kensington, west London, who married Ecclestone in 2013 and with whom he has a young daughter, was arrested and charged on Wednesday. He previously worked in the financial sector in the City of London but in 2012 he was banned from trading over “market abuse”.
He previously worked in the financial sector in the City of London but in 2012 he was banned from trading over “market abuse”.
In its ruling, what was then the Financial Services Authority said Rutland was not a “fit and proper person” and his behaviour demonstrated a lack of “honesty and integrity”.In its ruling, what was then the Financial Services Authority said Rutland was not a “fit and proper person” and his behaviour demonstrated a lack of “honesty and integrity”.
Ecclestone and Rutland live in a property in Kensington Palace Gardens, which is reportedly worth £70m.Ecclestone and Rutland live in a property in Kensington Palace Gardens, which is reportedly worth £70m.