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Leicester owners King Power denies Thai lawsuit has been accepted by court

[contf] [contfnew] [hhm]CityAM[hhmc] [contfnewc] [contfnewc] The owner of Leicester City Football Cl..

By admin , in Money , at November 15, 2017

The owner of Leicester City Football Club has hit back at reports it is facing a £322m Thai legal battle.

On Monday it was reported a case against the founder of duty free giant King Power had been accepted by the Thai Central Criminal Court for Corruption and Misconduct.

But King Power chief executive and Leicester City vice-chairman Vichai Srivaddhanaprabha “categorically denied” the reports.

Read more: Leicester City owner to face £322m Thai court battle

He told the BBC that the charges "have yet to be accepted by the court".

"We are proud of our company's good name and honest reputation and will fight rigorously any attempts to discredit them,” he said.

It is understood the acceptance of claims – that King Power failed to pay the Thai government 14bn baht (£322m) for airport franchises dating back to 2006 – remains a matter for the Thai court to determine.

Read more: New Leicester boss Puel described as "perfect fit"

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