Leicester city owner vichai faces prosecution for alleged tax evasion

Vichai Srivaddhanaprabha, the late owner of Leicester City Football Club, is facing prosecution for alleged tax evasion in Thailand.

According to reports, the Thai authorities have filed a lawsuit against Vichai and his company, King Power International, alleging that they evaded taxes worth around 1.4 billion baht (approximately £35 million) between 2010 and 2015.

The allegations stem from an investigation by the Thai Revenue Department, which found that King Power International had failed to declare and pay taxes on its profits from the sale of duty-free cigarettes and other goods at Suvarnabhumi Airport in Bangkok.

Vichai, who was a billionaire businessman and a prominent figure in Thai politics, was killed in a helicopter crash outside Leicester City's stadium in October 2018. He was 60 years old at the time of his death.

It is not clear how the prosecution will proceed in the absence of Vichai, but it is possible that his family or other representatives may be involved in the case.

Leicester City Football Club has released a statement saying that it is aware of the allegations and is cooperating with the authorities. The club has also expressed its respect for the Thai legal system and its commitment to upholding the law.

The allegations against Vichai and King Power International are the latest in a series of corruption scandals to hit Thailand in recent years. The country has been plagued by corruption and political instability, and the government has been under pressure to tackle these issues.

It is worth noting that Vichai was a highly respected figure in Thailand and was known for his philanthropic work and his support for the country's football team. His death was widely mourned in Thailand and around the world, and he is still remembered fondly by many fans of Leicester City Football Club.