A new report in the New Straight Times, and Published by Yahoo News has hit that alleges that a great deal more than thought before was used to fund the Hakkasan nightclub empire.
According to the report, “This was based on findings by the US Department of Justice following the arrest of former Hakkasan Group chairman Khadem Al-Qubaisi, who was arrested by Abu Dhabi authorities last week for his alleged involvement with politicians, banking companies and entertainers from around the world.
Interestingly enough, Hakkasan has reported that despite this enormous influx of cash that they are actually losing a great deal of money including paying a “$50 Million golden goodbye last year, sending its finances even further into the red.” The Chinese restaurant and nightclub operator Hakkasan handed outgoing boss Neil Moffitt a $50.5m (£39m) golden goodbye last year, sending its finances even further into the red.
Public filings obtained show that the high-end Chinese restaurant and nightclub group Hakkasan posted losses of $145 (£112m) for the year ending 20 June 2017.
Interestingly enough, despite being confirmed by numerous sources, Moffit’s attorney denied to me that he received anywhere that amount – which means that someone is lying. If the $50 million is not true, then we may have an issue with Hakkasan filing a falsified report in the UK?
Here’s another question: will the Department of Justice ask famous DJs to eventually repay their profits, as they did with the Wolf of Wallstreet Producers?
Pesach “Pace” Lattin has been doing online media and marketing for over 20 years and has earned the reputation of having a high standard of ethics and being an expert in both brand and direct response. Follow me