It ought to have been the crown jewel of Qatar. But because of the conduct of Mohamed Al Fayed, the company’s previous boss, Harrods is now facing serious charges of sexual assault.
A recent investigation unearthed many of these charges, although several legal experts have stated that Qatar either overlooked or disregarded a large portion of the prior knowledge regarding Al Fayed at the time of the purchase.
This includes a 2008 police inquiry over a reported 15-year-old girl’s assault in a boardroom at Harrods.
Harrods has apologized to the victims and informed the news that it is “utterly appalled” by the claims.
It appears that the issue may now cost the business and its owner millions of dollars.
What information regarding the accusations did Qatar know, if anything?
“Inadequate” investigation
Due diligence is the process of examining a business acquisition to determine whether there are any hidden agendas.
The purchasers will appoint advisors to inquire with the seller’s advisors regarding any matters they ought to be aware of. They might also conduct independent study on their own.
The buyer’s due diligence procedure should take a while, especially when the owner is someone like Mohamed Al Fayed, who was the subject of multiple complaints at the time of the purchase.
