Leicester City owner facing trial

Joann Johnston
November 14, 2017

During Monday's hearing, the Central Criminal Court for Corruption and Misconduct accepted the case and revealed they would hear from witnesses on February 12, 2018.

Vichai Srivaddhanaprabha, the Thai owner of 2016 Premier League champions Leicester City is to face a £322m criminal lawsuit, it was announced last night.

The lawsuit alleges that King Power failed to pay the government 14 billion baht (£323m) from the operation of a duty-free franchise it was awarded in 2006.

'The court agreed to hear the case, ' an official from Bangkok's Corruption court told reporters.

Aiyawatt Srivaddhanaprabha, King Power CEO and Leicester City vice chairman, said: "The allegations in question have yet to be accepted by the court and are categorically denied".

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Srivaddhanaprabha, who bought Leicester in 2010 after an earlier sponsorship deal, is believed to have a personal worth of close to $5bn.

They said they would "fight rigorously" any attempts to "discredit them".

The firm now has a near-monopoly on duty-free sales in Thailand's main airports, plus a satellite mall in Bangkok favoured by Chinese tourists.

However, King Power International has now released a statement refuting that.

He has carefully navigated Thailand's treacherous political waters of recent years, frequently rubbing shoulders with the elite, and taking Leicester on tours of the country.

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