High-Stakes Legal Battle: Ex-Entain Executives Face Bribery and Fraud Charges
Former executives of British betting company Entain, including ex-CEO Kenny Alexander, face bribery and fraud charges related to gambling operations in Turkey. The charges involve conspiracy to defraud financial institutions between 2011 and 2018. The court proceedings continue, with defendants out on bail until November 3.
- Country:
- United Kingdom
In a significant development in the world of corporate gambling, former executives of the British betting giant Entain, previously known as GVC, appeared in a London court charged with bribery and fraud.
Kenny Alexander, the former CEO, and other prominent figures such as ex-chairman Lee Feldman and ex-CFO Richard Cooper, face serious allegations, including conspiracy to bribe and conspiracy to defraud financial institutions by concealing the sources of gambling-related money in Turkey.
Despite the gravity of the charges, the defendants have not yet entered a plea, and the case is set to continue with a court appearance at Southwark Crown Court scheduled for November 3. Entain clarified that the current charges do not implicate any of its existing employees.
(With inputs from agencies.)
- READ MORE ON:
- Entain
- betting company
- bribery
- fraud
- gambling
- Turkey
- Kenny Alexander
- Ladbrokes Coral
- GVC
- FTSE 100
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