Mandaric set to face tax charge

23 December 2009 18:31
Mandaric is accused of what tax officials have described as "cheating the public revenue".[LNB]Mandaric strenuously denies the allegations, which go back to his time as Portsmouth chairman from 1998 to 2006.[LNB]He will face the charges in January alongside Tottenham manager Harry Redknapp, who was in charge at Fratton Park at the time.[LNB]A statement issued by Cartwright King solicitors, who represent Mandaric read: "Milan Mandaric is astounded and dismayed that proceedings are to be brought by HMRC in the new year alleging a connection with unpaid tax on a personal payment he made to Harry Redknapp in 2002. These will be vigorously defended.[LNB]"During a two-year investigation he has fully co-operated and has strenuously denied any wrongdoing.[LNB]"Expert tax advice has confirmed that Mr Mandaric has no tax liability. The decision of HMRC to bring proceedings is very surprising.[LNB]"Throughout a successful and respected 45-year international business career he has gained an impeccable reputation and has never been accused of the slightest wrongdoing, nor had his integrity called into question.[LNB]"Over the last 10 years in English football, the clubs that Mr Mandaric has invested in have employed hundreds of people and paid millions of pounds in taxes to HMRC."[LNB][LNB]

Source: Team_Talk