• Judge rules that criminal allegations presented in July should go ahead
• King Power denies shortchanging Thai government over duty free money
The company which owns Leicester City and funded the club’s rise to become 2016 Premier League champions is to face multimillion-pound corruption charges in Thailand. A judge at Thailand’s central court for corruption and misconduct cases ruled at a hearing on Monday that criminal allegations presented to the court in July should go ahead against King Power, the cash-rich company owned and run by the Leicester chairman, Vichai Srivaddhanaprabha, and his son Aiyawatt.
King Power is accused of having corruptly short-changed the Thai government of 14bn baht (£327m), its agreed share from the company’s lucrative duty free monopoly at Bangkok’s Suvarnabhumi airport.
Source: Football News
Link : Leicester City owner King Power to face £327m corruption charges in Thailand