Paris Saint-Germain president Nasser Al-Khelaifi has been charged in France with complicity in abuse of power in an investigation into Qatar’s sovereign wealth fund, a source familiar with the case told AFP on Thursday.
Al-Khelaifi was charged on Feb. 5 with complicity in buying votes and harming the freedom to vote, a judicial source said, after the Qatari investment fund changed its vote on the board of Lagardere Group in 2018. The two sources asked not to be named.
Al-Khelaifi, who has led the Parisian club since it was taken over by Qatar Sports Investments in 2011 with the aim of making it the best team in Europe, has faced several lawsuits in recent years but has always denied any wrongdoing.
“This case has absolutely nothing to do with Nasser Al-Khelaifi, but as usual he will be linked to it through a completely distorted process (…) so that this case will quietly collapse within a few years,” said a source close to Al-Khelaifi, a member of the board of directors of the Qatari sovereign wealth fund.
Arnaud Lagardère, chairman of the Lagardère Group, is suspected of fraudulently using some €125 million of the group’s funds over several years to finance his personal expenses.
The accusation against Al-Khalifi relates to a conflict on the group’s board of directors in 2018 between right-wing billionaire Vincent Bolloré, who was allied with the investment fund Amber Capital, and France’s richest man Bernard Arnault, head of luxury goods company LVMH, who backed Arnaud Lagardère.
On 24 April 2018, Qatar Investment and Projects Development Holding Company, a subsidiary of Qatar’s sovereign wealth fund and a major shareholder in Lagardère Group, decided to support Amber Capital’s proposals.
Arnaud Lagardère and his aides are accused of contacting their acquaintances, including Nasser Al-Khelaifi, in his capacity as director of Qatar’s sovereign wealth fund (Qatar Investment Authority).
Five days after the first vote, the Qatar Investment Authority changed its position and voted in favour of the proposals put forward by Arnaud Lagardère.
In mid-February 2023, the French Court of Cassation finally dropped a previous corruption charge against Nasser Al-Khelaifi in connection with Qatar’s bid to host the World Athletics Championships in 2017 and 2019, ruling that the French judicial system was not qualified to try him.
Judges in Paris are also investigating Al-Khelaifi over allegations he kidnapped and detained French-Algerian businessman Tayeb Benabderrahmane in Qatar.
Al-Khalifi denies the accusations and has filed a complaint himself.
