Man Stole £5 Million From Wife To Buy Football Club
Written by RockSport on February 15, 2018
The man who owned Portsmouth for six weeks during an ill-fated spell in 2009 has been sentenced to five years in a United Arab Emirates jail for stealing £5m from his wife to fund the purchase.
Sulaiman Al Fahim, who also fronted the Abu Dhabi United Group’s deal to buy Manchester City in 2008, was found guilty of forgery, using forged documents and aiding and abetting.
He and an accomplice were found to have stolen the money used to buy Pompey from Sacha Gaydamak, with Al Fahim soon selling the club to Ali Al Faraj.
Al Fahim, 42, did not attend the hearing and was sentenced in his absence.
Prosecutors said that Al Fahim’s wife discovered the money was missing after the returns she had expected from a high interest rate account she opened in 2009 did not come in.
She said she contacted the bank’s accounts manager, but he “kept stalling” despite her asking him to move the account in September 2011.
When she decided to visit the bank in person, she was told there was no money in the account.
She then went to the bank’s legal affairs department, and when they failed to take action she reported the matter to the police.
Dubai Criminal Court also convicted the bank manager of theft, forgery of official documents and use of forged official documents. He was also sentenced to five years in prison.