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Mandaric charged with cheating public revenue

Published on 13 Jan 2010 under category: legal

Milan Mandaric has been charged with fraud.

The Leicester City chairman is accused of two counts of cheating the public revenue.

These date back to his time at Portsmouth Football Club, where he was also chairman.

According to the Crown Prosecution Service (CPS), these allegations relate to suspected unpaid tax on an offshore payment of $295,000 (£182,000).

This money was transferred via a Monaco bank account and it is alleged that by doing so, Mr Mandaric did not pay tax or national insurance on it.

A statement from the CPS said: "Following a thorough investigation by HM Revenue and Customs and the City of London Police, the CPS decided there was sufficient evidence and it was in the public interest to charge Mr Mandaric with two counts of cheating the public revenue."

Mr Mandaric will now appear at Westminster Magistrates' Court on February 11th in relation to these two charges.

Earlier this week, a man was arrested over a fraud which centred on his promise to put on gigs featuring top comedy performers such as Jimmy Carr and Michael McIntyre at a 250-capacity Weymouth club.

If you require advice on Corporate Fraud please call us on +44 (0)20 7831 0101 and ask for Dan Hyde.