Bernie Ecclestone's son-in-law is reportedly facing up to seven years in jail.
The Formula 1 supremo's daughter Tamara, who is married to former trader Jay Rutland, is "sick with worry" after her 34-year-old husband was arrested, charged and bailed, The Sun reports.
He faces a London court next month.
Rutland is accused of helping international drug baron James Tarrant avoid justice when he was on the run, having absconded while awaiting serious charges in 2010.
"The accusations are very serious and Jay knows that if he is convicted he could end up going away," a source said.
"There is nothing that Bernie would not do for his daughters and he has been a pillar of strength to Jay and Tamara."
Rutland's spokesman said that the 34-year-old "denies the charge and will defend it vigorously".