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February 14 – Qatari president of PSG and European Membership Affiliation chair Nasser Al-Khelaïfi, has been caught up in a French investigation into a company fraud case involving the Lagardère group.
Arnaud Lagardère, CEO of the Lagardère group, is accused of getting used firm financial institution accounts to finance his way of life and private bills for a number of years and of giving false and deceptive info to govern the group’s share value
Al-Khelaïfi, was indicted on February 5 for “complicity in vote-buying and violation of freedom to vote” and “complicity in abuse of energy to the detriment of SCA Lagardère”.
The Qatar Holding LLC, a subsidiary of the sovereign wealth fund Qatar Funding Authority (QIA) in 2018 was a big shareholder in Lagardère.
Al-Khelaïfi is accused of serving to Arnaud Lagardère obtain a beneficial vote from QIA on the common assembly of shareholders on Might 3, 2018, in return for promising to nominate Jamal Benomar to the supervisory board of Lagardère SCA.
In a press release made to investigators and later launched by way of Al-Khelaïfi’s attorneys, Al-Khelaïfi stated: “I’m stunned to be right here at this time. I had no affect on this case. I discover myself in the course of a case wherein I’ve no connection in any respect, all on the idea of a single phone communication regarding an issue with Qatar, a query I needed to cross on, and my position was restricted to that. The events quote “Nasser right here, Nasser there”. To defend themselves, they quote my identify. I’d just like the state of affairs to be clearer, particularly in view of the reply from QIA.”
Insiders say that Al-Khelaïfi has solely been indicted due to the eye his identify brings public consideration to the case and that the proof in opposition to him is circumstantial at greatest.
QIA issued a press release saying: :With regards to allegations that Mr Nasser Al-Khelaifi was concerned in improper vote shopping for and abuse of energy involving the comnay Lagardere, QIA unequivocally rejects any allegation of improper conduct by QIA or Nasser Al-Khelaifi. Mr Al-Khelaifi had no substantive position on this matter nor made any resolution on this regard.
“Day-to-day matter involving corporations into which QIA has made an funding, are dealt with by its government and never be members of QIA’s Board resembling Nasser Al-Khelaifi. That is line with QIA’s long-established and strong company governance practices, Accordingly, Nasser Al-Khelaifi was not able to affect, or to take any motion on behalf of QIA, involving the corporate Lagardere.”
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