A High Court judge gave a private equity firm the go-ahead to take possession of several properties belonging to the former director of the Leeds United Football Club yesterday after he failed to attend a hearing in a £3.93m embezzlement lawsuit.
The judge gave consent for CHF Capital Ltd. to possess the properties and serve eviction notices to tenants living in several homes owned by ex-Leeds Utd director David Haigh.
Haigh, who last year filed for bankruptcy, was convicted in 2015 by a Dubai court of siphoning off almost £4m in funds from his then-employers GFH Capital Ltd, a private equity company based in Bahrain which previously owned the football club between 2012 and 2014.
Haigh, who resigned as managing director of Leeds Utd in April 2014, was handed a two-year jail sentence after being convicted of breach of trust by a Dubai court in August 2015.
It was found that he had forged invoices and fraudulently directed nearly £4m from his former employers into his own and a friend’s bank accounts.
In July 2018, the Dubai International Financial Centre Courts in the United Arab Emirates ordered Haigh to pay close to £4m in damages to GFH.
Comments (3)
So its Ok to evict to secure repayment of a Debt by a Landlord, but not for Non-payment of rent by Tenants !
I am sure the same would have applied to the tenant if the tenant had rent arrears of £4m.
With the farcical excuse for Civil justice [sic] and the time constraints and hoops that it takes Landlords to get possession for Non-payment of rent, the minority of FreeLoading tenants do indeed run up excessive debts ( not quite £4 M, thankfully – yet )
This situation does not help the majority of Genuine tenants seeking to rent property which are ‘ unavailable ‘ during the excessive time it takes to get Rent-Dodgers out.