The Crown Prosecution Service have charged Leicester City chairman Milan Mandaric with two counts of cheating the public revenue.
The charges relate to Mandaric's time as chairman of Portsmouth. The CPS have said that he paid $295,000 to another person via a bank account in Monaco and evaded tax and national insurance contributions between April 1 2002 and November 28 2007.
He will appear at the City of Westminster Magistrates' Court on February 11.
Meanwhile, Foxes boss Nigel Pearson has decided to extend Ryan McGivern's loan spell from Manchester City until the end of the season.
The 20-year-old Northern Ireland international has made nine appearances for the Championship side since joining the club in August.