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Leading owner Kenny Alexander is one of 11 individuals charged with offences including bribery and conspiracy to defraud, the Crown Prosecution Service (CPS) said on Thursday.
The offences relate to the provision of gambling services in Turkey between 2011 and 2018. Alexander was chief executive of GVC Holdings, until his departure in 2020. The parent company of Ladbrokes and Coral is now known as Entain.
He has been charged with conspiracy to defraud and conspiracy to bribe between 2011 and 2018.
Hannah von Dadelszen, chief crown prosecutor for the CPS, said: "The Crown Prosecution Service has authorised the prosecution of 11 individuals for seven offences relating to bribery, conspiracy to defraud, fraudulent trading, cheating the public revenue, evasion of income tax, acting as a director of a company when undischarged bankrupt and perverting the course of justice."
Kenny Alexander with his star mare Honeyuckle after she had won at the Cheltenham festival in 20202
Kenny Alexander with his star mare Honeyuckle after she had won at the Cheltenham festival in 20202
Credit: John Grossick (racingpost.com/photos)
She added: "Our prosecutors have worked closely with officers of HM Revenue and Customs [HMRC] who have carried out the investigation.
Richard Las, Director of HMRC’s fraud investigation service, said: “This has been a complex and international investigation. These are serious charges that relate to conspiracy to defraud, bribery, cheating the public revenue, evasion of income tax and perverting the course of justice among others.
"We remind everyone that proceedings are now active and we won’t be adding anything further."
The first hearing in the case will be heard on October 6 at Westminster Magistrates' Court.
Alexander's blue and white colours have been carried by dual Champion Hurdle winner Honeysuckle, while he enjoyed two successes at this year's Cheltenham Festival through Doddiethegreat in the Pertemps Network Final and Kargese in the County Hurdle.
The offences relate to the provision of gambling services in Turkey between 2011 and 2018. Alexander was chief executive of GVC Holdings, until his departure in 2020. The parent company of Ladbrokes and Coral is now known as Entain.
He has been charged with conspiracy to defraud and conspiracy to bribe between 2011 and 2018.
Hannah von Dadelszen, chief crown prosecutor for the CPS, said: "The Crown Prosecution Service has authorised the prosecution of 11 individuals for seven offences relating to bribery, conspiracy to defraud, fraudulent trading, cheating the public revenue, evasion of income tax, acting as a director of a company when undischarged bankrupt and perverting the course of justice."
Kenny Alexander with his star mare Honeyuckle after she had won at the Cheltenham festival in 20202
Kenny Alexander with his star mare Honeyuckle after she had won at the Cheltenham festival in 20202
Credit: John Grossick (racingpost.com/photos)
She added: "Our prosecutors have worked closely with officers of HM Revenue and Customs [HMRC] who have carried out the investigation.
Richard Las, Director of HMRC’s fraud investigation service, said: “This has been a complex and international investigation. These are serious charges that relate to conspiracy to defraud, bribery, cheating the public revenue, evasion of income tax and perverting the course of justice among others.
"We remind everyone that proceedings are now active and we won’t be adding anything further."
The first hearing in the case will be heard on October 6 at Westminster Magistrates' Court.
Alexander's blue and white colours have been carried by dual Champion Hurdle winner Honeysuckle, while he enjoyed two successes at this year's Cheltenham Festival through Doddiethegreat in the Pertemps Network Final and Kargese in the County Hurdle.
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Plenty on here and in the Racing media thought he was a great guy......
I always lock my car when I’m in Perth.You never know nowadays tbf.
they were investigating him maybe 4 or 5 years ago, taken this long to announce
John Dance, Phoenix, Kenny, who next, hmm, who is spending an awful lot at the moment with borrowed dosh......
Borrowing is not illegal,doorman.
Misappropriation of funds is entirely another matter
Misappropriation of funds is entirely another matter
The bold Kenny was banned from driving in 2021 after nicking a car from outside a Perth kebab shop.
Person of dubious character?
Person of dubious character?
alexander is a bit slippery but hes not spending others money. hes not spending much at all
doing business in many places is not possible without greasing palms. somebody else will so you walk away or go along with it. corruption is part of everyday life in large parts of the globe. getting anything remotely reliabnle from turkey is very tricky and you are unlikely to get the full picture
doing business in many places is not possible without greasing palms. somebody else will so you walk away or go along with it. corruption is part of everyday life in large parts of the globe. getting anything remotely reliabnle from turkey is very tricky and you are unlikely to get the full picture
Treat the wife and me to a lovely meal in the Mayflower Cheltenham the year Honeysuckle won her first race I can confirm the Peking duck was excellent.
Ronnie
Ronnie
Mitolo mate, it isn't that they were paying someone in Turkey; its that hey were getting a big bung for selling sportingbet at a massive discount, allegedly. The board bought into it because it was a prerequisite for GVC to do deals in the US.
furry nuff. i dont pay much attention to these things. just saw bribe and turk and made the correct assumption
Well done HM arsey with this one.
However, is there any chance you can recoup a chunk of the 4 billion you gave away to criminal entities during convid?
or even the 47 million you were recently relieved of by phishing scammers, an event it took you months to report (some may say, covered up).
useless c****
However, is there any chance you can recoup a chunk of the 4 billion you gave away to criminal entities during convid?
or even the 47 million you were recently relieved of by phishing scammers, an event it took you months to report (some may say, covered up).
useless c****
Love the framing!
Racing owner Kenny Alexander's a crook, and not Ladbroke's boss is a crook.
The PR men have earned their corn: change name to Entain; persuade gullible racing hacks to go with the top horses he owned.
Racing owner Kenny Alexander's a crook, and not Ladbroke's boss is a crook.
The PR men have earned their corn: change name to Entain; persuade gullible racing hacks to go with the top horses he owned.
Agree with mitolo. If you want to do business in Turkey (and plenty of other countries) greasing palms is often, if not virtually always, the only way.
Was thinking along the same lines Ramruna.
No longer with firm, let’s go after the individual
Hang it on him, bookie in disassociating mode, trade
Paper agree‘s, shields their advertiser ?
No longer with firm, let’s go after the individual
Hang it on him, bookie in disassociating mode, trade
Paper agree‘s, shields their advertiser ?
If they were "allegedly" getting backhanders for selling at a discount as Catford suggests, then they'd be defrauding the owners/shareholders of the company.
What happened in Turkey was not Mr Alexander specific; the head honchos of PLCs had/have been and still do it eg Rolls-Royce, others, esp in Africa to strengthen or catch-up with their competitors. If one does not the advantage will then go to their competitors.
Mr Alexander had little choice but to resign from Entain; their shareholders wanted and expected it because of the financial and reputation damage Turkey would bring. However, he was generously remunerated for Turkey.
I think Mr Alexander together with a few of his business cronies were denied the right and opportunity by the industry regulator to table a bid for a betting/gaming entity under duress not long after. I believe the Turkish accusation and fiasco was named as such unsavoury aspects of Mr Alexander. But, Mr Alexander is not as despicable as the former owner of Laurens, the racehorse.
His briefs will be rubbing their hands with glee. They can charge whatever they like to defend him. A punitive penalty is almost a certainty.
Mr Alexander had little choice but to resign from Entain; their shareholders wanted and expected it because of the financial and reputation damage Turkey would bring. However, he was generously remunerated for Turkey.
I think Mr Alexander together with a few of his business cronies were denied the right and opportunity by the industry regulator to table a bid for a betting/gaming entity under duress not long after. I believe the Turkish accusation and fiasco was named as such unsavoury aspects of Mr Alexander. But, Mr Alexander is not as despicable as the former owner of Laurens, the racehorse.
His briefs will be rubbing their hands with glee. They can charge whatever they like to defend him. A punitive penalty is almost a certainty.
"acting as a director of a company when undischarged bankrupt"
How on earth does that happen at a major company? (It is not Alexander, it is another director).
How on earth does that happen at a major company? (It is not Alexander, it is another director).
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