Investors in gambling giant Entain, are seeking over £100million in compensation, citing bribery and corruption issues at the entity formerly governing Ladbrokes’ Turkish operations.
Legal firm, Fox Williams, announced intentions to lodge a substantial group litigation claim against Entain. The cause is alleged “failure to report honestly” on these issues. The development follows Entain – the owner of the Coral brand – agreeing to pay up £585million in punishments and disgorgement of profits subsequent to a probe by HM Revenue & Customs.
HMRC had been probing Entain over activities at the Turkish-facing business that it sold in 2017. Regulatory bodies commenced their analysis of suppliers in 2019 and, a year on, shifted focus onto GVC Group – which would later undergo rebranding as Entain.
