Well here's the proof that Chanrai was running the club in Al Faraj's time - exactly as Micah Hall laid out in his blogs. http://www.express.co.uk/posts/view/357813
Just read that very same article, 3rd eye. Interesting reading, eh ? Let's hope the investigations continue apace, and involve some of the other rogues (of which there are many)
I hope so too and there are plenty of bad guys for someone to get their teeth into. Mr Hall has kindly done the hard work for them already.
Sorry but once again this is slightly beyond my understanding! Could anyone sum up the key points from the article for me ?? Cheers
Ok - I'll have a go for you. All professional associations in the UK have standards which their members have to adhere to. By using their "client account" to pay bills for Portsmoutht FC the solicitors firm Fuglers breached those standards and have been fined by the disciplinary committee. They in essence, provided almost a "banking" service for Chanrai. Marc Jacob, a solicitor at Fuglers, was installed as a Director to the board of PFC by Chanrai - the two senior partners colluded with Chanrai to keep the funds away from Daniel Azougy (the convicted fraudster and forger) but they should have known they couldn't provide a service such as this. One of the things that happened was that the creditors, ie HMRC had a legal right to see what was happening to the money going through Pompey, and by using a client account to channel the money the creditors were denied this right.
Cheers 3rd eye I guess the latest discovery only gives us more questions .. I'm already stumped with how a few things turned out .. the saga at Portsmouth never ends!
At the moment it looks as though it will only be the payment of £4m which was diverted to Portpin from the sale of Begovic + 1 other just days before being put into admin. Probably Baker Tilley will be demanding that back from Portpin as it should have gone into the coffers for the creditors.
