Boris Becker charged under Insolvency Act
Earlier this month, Becker was convicted under Britain’s Insolvency Act as he failed to disclose significant assets after he was declared bankrupt.
The sixth time champion was found guilty after he transferred money to his ex-wife Barbara and estranged wife Sharlely.
The court trial heard the entire event of how the world champion lost every dime after his retirement.
The charges that were put against him include hiding away some of his trophies, taking a high amount of loan to save himself from bankruptcy and to have diplomatic relation with central African Republic.
According to reports, Becker was selective in declaring his assets. He was further accused of transferring and concealing assets.
The former Tennis Champion was declared a convict after he had to make full disclosure of his assets to Bankers Arbuthnot Latham and Co. He further could not declare his property assets in Germany and be hiding an 825000 euros.