Boohoo founder should be investigated over debt collection, says Mike Ashley

Mike Ashley demands investigation into Boohoo founder’s debt collecting

Boohoo founder should be investigated over debt collection, says Mike Ashley

Mr Ashley’s Frasers Group – which owns an almost 29% stake in Boohoo – said it had ‘very serious concerns’ over reports about Mahmud Kamani’s conduct.

Frasers calls for suspension and investigation of boohoo vice chair Mahmud Kamani - InternetRetailing

Frasers has published a letter from its legal advisers and sent by email to Tim Morris, chairman of boohoo group, calling for the suspension of executive vice chair Mahmud Kamani. The move follows the publication by The Telegraph on August 8 of an article alleging misconduct by Kamani in relation to loans made to boohoo suppliers. The letter, from legal firm White & Case, sets out the “serious concerns” about Kamani’s conduct. It also says that …

boohoo group: Frasers go for the jugular demanding removal of founder Kamani

After last weekend’s exposure by the Telegraph that Mahmud Kamani, founder and Vice Chair of the boohoo group, had used various measures through the group to gain £100,000 for himself, the Frasers Group has sought his removal.  Frasers Group, which is the largest shareholder in the business, is demanding a very necessary independent investigation of […] The post boohoo group: Frasers go for the jugular demanding removal of founder Kamani  appear…

Frasers demands suspension of boohoo chief Mahmud Kamani

Frasers Group plc has called for the suspension of boohoo founder and executive vice chair Mahmud Kamani. Mike Ashley’s retail group also called for an independent investigation following a report in the Telegraph last week alleging misconduct in relation to loans made to suppliers to boohoo, which now trades as Debenhams Group. Frasers, Boohoo Group PLC’s largest shareholder, today published a letter from its legal advisers, White & Case LLP, w…

Frasers calls for investigation and suspension of Mahmud Kamani - Retail Gazette

Frasers Group has demanded that Boohoo founder and executive vice-chair Mahmud Kamani be suspended from his post following claims the entrepreneur had been involved in making loans to suppliers. The retail giant wrote an open letter to the brand’s chair Tim Morris asking for an enquiry into Kamani’s conduct to be launched immediately in light of the article by The Telegraph last week about allegations of loans. Frasers said that “if proven, it a…