370 million euro lawsuit against Leicester City owner

370 million euro lawsuit against Leicester City owner

Leicester City's owner, Vichai Shrivaddhanaprabha, has issued a statement denying claims that the court in Thailand has enough evidence to go to trial over King Power's alleged failure to pay £322m in taxes.

The Thai Central Criminal Court for Corruption and Misconduct confirmed overnight that the case had been accepted and the trial will begin in Bangkok on February 12.

The suit, which accuses the duty-free retailer of failing to pay that figure to the Thai government over the operation of the airport franchise it was granted in 2006, was filed in July.

Vichai's reputation for canny decision-making surged after the 2016 English Premier League championship win by minnows Leicester City, which his family bought for an estimated $58 million in 2010.

The plaintiff, an anti-corruption official called Charnchai Issarasenanark, said the graft caused the state 14billion baht (£327m) in damages.

A criminal court in the nation's capital of Bangkok accepted the case against Leicester's ownership group on Monday.

"[The allegations] are categorically denied", he said.

Vichai started King Power with a single shop in Bangkok in 1989, and has since built an estimated fortune of £2.2bn through his duty-free empire.

The 60-year-old has also carefully navigated Thailand's treacherous political waters of recent years, frequently rubbing shoulders with the elite.

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