Leicester City FC chairman Mandaric charged

The Crown Prosecution Service confirmed today (12 January) that current Leicester City Football Club chairman Milan Mandaric would be charged with two counts of cheating the public revenue for offences allegedly committed when he was chairman of Portsmouth FC.

The charges result from a joint investigation by HMRC and the City of London Police, who convinced the CPS there was sufficient evidence and it was in the public interest to charge Mandaric. 

The charges relate to a $295,000 payment from Mandaric to another party via a Monaco bank account, evading the tax and national insurance contributions due between 1 April 2002 and 28 November 2007. Mandaric will appear at  City of Westminster Magistrates' Court on 11 February.

Further reading
Portsmouth FC trio face tax evasion charges
Football clubs under threat from HMRC
Money Laundering and Crime discussion group