Milan Mandaric embroiled in tax row

Milan Mandaric, the tycoon chairman of Leicester City football club has been
charged with two counts of cheating the public revenue.

The Crown Prosecution Service’s Revenue and Customs division brought the
charges against Mr Mandaric in relation to a payment of $295,000 (£182,000) from
Mr Mandaric to another via a bank account in Monaco.

The CPS claims Mandaric, who denies any wrongdoing, evaded ‘tax and national
insurance contributions due between 1 April 2002 and 28 November 2007’ because
of the transaction.

“Following a thorough investigation by HMRevenue & 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,” the CPS said.

Mandaric will appear at the City of Westminster Magistrates’ Court on 11
February to answer the charges.

Further reading:

manager faces tax charges

chief executive charged with tax evasion

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