LONDON (Reuters) -British prosecutors have charged 11 individuals, including the former head of the owner of Ladbrokes, with offences including bribery, relating to the provision of gambling services
Former Ladbrokes CEO Among 11 Charged in UK Gambling Scandal
Charges Against Former Gambling Executives
LONDON (Reuters) - The former head of the owner of British gambling firm Ladbrokes is among 11 people British prosecutors have charged with offences including bribery, the Crown Prosecution Service said on Thursday.
Kenny Alexander, the former chief executive of GVC until his departure in July 2020, was charged with conspiracy to defraud and conspiracy to bribe between 2011 and 2018 relating to the provision of gambling services in Turkey.
Lee Feldman, former non-executive chairman of GVC, which was later renamed as Entain, was also charged with conspiracy to defraud and conspiracy to bribe.
Details of the Charges
Alexander, Feldman and their nine co-defendants are due to appear at London's Westminster Magistrates' Court on October 6, the CPS said.
Company Response
Entain said in a statement: "The company has not been charged and none of the individuals charged are currently employed by the company or its group."
Market Reaction
Entain shares dropped to session lows on the London Stock Exchange following the CPS announcement. By 1151 GMT, the stock was down 1.2% at 874.8 pence.
(Reporting by Muvija M and Sam Tobin; Editing by Kate Holton)
