Racing Victoria monitoring allegations made against Phoenix founder Abdulaziz
Phoenix is already very active in Australia and signalled intent to expand
One of Australia’s leading racing authorities said on Thursday that it is in discussions with its international counterparts regarding the operations of Phoenix Thoroughbreds and the allegations of money laundering against its founder Amer Abdulaziz Salman.
Racing Victoria (RV), which oversees the likes of the world-famous Melbourne Spring Carnival, said that it was “aware of allegations” and would be “continuing to follow the associated legal proceedings in the USA”, where last year Abdulaziz was alleged in court to be a key money launderer for fake cryptocurrency scam OneCoin. Abdulaziz denies the allegations.
On Tuesday, Phoenix Thoroughbreds released a statement declaring its intention to withdraw from racing in Britain “with immediate effect”, although entries continue to be made for the group indicating a potentially more phased exit.
Read the full story
Read award-winning journalism from the best writers in racing, with exclusive news, interviews, columns, investigations, stable tours and subscriber-only emails.
Subscribe to unlock
- Racing Post digital newspaper (worth over £100 per month)
- Award-winning journalism from the best writers in racing
- Expert tips from the likes of Tom Segal and Paul Kealy
- Replays and results analysis from all UK and Irish racecourses
- Form study tools including the Pro Card and Horse Tracker
- Extensive archive of statistics covering horses, trainers, jockeys, owners, pedigree and sales data
Already a subscriber?Log in
Published on 13 August 2020inNews
Last updated 18:54, 13 August 2020
Copy- Merci Olivier! No final winner for Olivier Peslier but the world of racing unites in saluting the end of a great career
- The latest edition of the Racing Post is available to read online now - here's how you can access it
- How Smart View recorded a 76 per cent profit at the Cheltenham Festival
- Smart View is available on the Racing Post app - how to read the revolutionary new racecard
- Levy reform talks 'accelerating' as clock ticks down to April deadline for agreement
- Merci Olivier! No final winner for Olivier Peslier but the world of racing unites in saluting the end of a great career
- The latest edition of the Racing Post is available to read online now - here's how you can access it
- How Smart View recorded a 76 per cent profit at the Cheltenham Festival
- Smart View is available on the Racing Post app - how to read the revolutionary new racecard
- Levy reform talks 'accelerating' as clock ticks down to April deadline for agreement