• Company was alleged to owe £327m to Thai government • Former anti-corruption official who filed lawsuit may appealA legal case alleging that the Thai owner of Leicester City, King Power, criminally engaged in corruption worth £327m has been dismissed by a court in Bangkok. The lawsuit, brought by a former anti-corruption official, alleged that King Power corruptly withheld from the Thai government an agreed share of income from its duty-free franchise at Bangkok’s Suvarnabhumi airport. King Power has always denied the allegations.Owned and run by the Leicester chairman, Vichai Srivaddhanaprabha, and his son Aiyawatt, King Power has made fortunes from the franchise, which it was awarded in 2006 when the Thai government was headed by the prime minister Thaksin Shinawatra. King Power bought Leicester for a reported £39m in 2010 and bankrolled the club to win promotion and claim the spectacular Premier League title win in 2016. Continue readingreadfullarticle
