Fashion label Ralph & Russo may face criminal probe over '£176,000 pension fund raid' - News Summed Up

Fashion label Ralph & Russo may face criminal probe over '£176,000 pension fund raid'


After its launch in 2010, Ralph & Russo enjoyed a meteoric rise to become one of Britain's most celebrated luxury fashion houses. Mr Russo is accused of extracting £2.6 million from the firm in so-called directors' loans, while it is claimed Ms Ralph received £195,436. Court documents allege that Ms Ralph spent money from her luxury fashion company Ralph & Russo on 'expenses related to her pets'. One picture, posted by Ms Ralph on Instagram, shows Ms Ralph and Mr Choudhrie, who live together in Monte Carlo, flying on a private jet with two of the dogs. Ms Ralph added: 'The fact that this behaviour is rife in an industry that celebrates women is disgusting.'


Source: Daily Mail July 10, 2021 21:22 UTC



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