LADBROKES AND CORAL OWNER TO PAY £585 MILLION TO SETTLE HMRC BRIBERY INQUIRY

On 24 November, the Guardian reported that Entain, the owner of Ladbrokes and Coral, has agreed to pay almost £600 million to settle an investigation into alleged bribery at a business it owned in Turkey.  The case involved a Turkish-facing online betting and gaming business that Entain owned between 2011 and 2017, as well as the activities of third-party suppliers and former employees of the group.  Entain said it reached, in principle, a deferred prosecution agreement (DPA) with the CPS during a hearing at the royal courts of justice and needs final court approval at a hearing to be held on 5 December.

https://www.theguardian.com/business/2023/nov/24/ladbrokes-and-coral-owner-to-pay-585m-to-settle-hmrc-bribery-inquiry

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Author: raytodd2017

Chartered Legal Executive and former senior manager with Isle of Man Customs and Excise, where I was (amongst other things) Sanctions Officer (for UN/EU sanctions), Export Licensing Officer and Manager of the Legal-Library & Collectorate Support Section

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