"Its Like Succession But With Petrol Stations!" Journalist On Asda Owners Private Jet Scandal
Автор: TalkTV
Загружено: 2024-02-14
Просмотров: 1555
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The billionaire brothers who own the Asda supermarket chain borrowed millions of pounds from their petrol forecourt company to repay the debt taken on to buy two private jets, it has emerged.
Corporate filings revealed that Mohsin and Zuber Issa, who bought Asda in 2020, used their EG Group, which runs thousands of petrol stations in the UK and overseas, to lend $7m (£5.6m) to two private jet companies they owned in 2022.
The filings, seen by the Financial Times, show more than $5m (£4m) handed to one Issa-owned company, which controls a Bombardier Global 6000 plane, while the remaining $2m (£1.6m) went to another one of their companies, which owns a smaller Bombardier plane. Both companies are registered in the Isle of Man.
TalkTV's Rosanna Lockwood is joined by Editor of The Business Desk, Michael Taylor, to discuss the situation with the Issa brothers.
#asda #privatejets #debt #brothers
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