Frasers accuses Boohoo of undisclosed £2m payments to founder’s son

The ongoing battle between Frasers Group and Boohoo Group has taken a turn as Mike Ashley’s group accused the fashion giant of making undisclosed payments to Umar Kamani, the son of Boohoo’s co-founder and executive vice chair, Mahmud Kamani.
In its most recent open letter to Boohoo shareholders, the Sports Direct owner, which holds a 28.1% stake in Boohoo Group, alleged that Umar Kamani is receiving £2m annually for providing “consultancy services” to Boohoo subsid