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12 Mar 2010
Administrators of Portsmouth FC are investigating unexplained payments from the club, totaling £1.5m during the current season.
The payments are alleged to have taken place during the four month ownership of Ali Al Faraj, the Daily Telegraph reported.
The alleged payments were made between October 2009 and the end of January, the same time a winding up order was petitioned by HMRC over a £7m unpaid tax bill.
Andrew Andronikou confirmed he is investigating the details leading up to the administration of Portsmouth.
News of the investigation comes days after Andronikou, a partner at UHY Hacker Young, was forced to make 85 staff redundant.
The club is expected to appear in the High Court next week where it is expected HMRC, will drop its challenge against the appointment of Andronikou as administrator.
Further reading:
Portsmouth administrators investigate missing millions
HMRC to drop Andronikou challenge as Portsmouth administrator
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