Search
00
GBAF Logo
trophy
Top StoriesInterviewsBusinessFinanceBankingTechnologyInvestingTradingVideosAwardsMagazinesHeadlinesTrends

Subscribe to our newsletter

Get the latest news and updates from our team.

Global Banking & Finance Review®

Global Banking & Finance Review® - Subscribe to our newsletter

Company

    GBAF Logo
    • About Us
    • Profile
    • Privacy & Cookie Policy
    • Terms of Use
    • Contact Us
    • Advertising
    • Submit Post
    • Latest News
    • Research Reports
    • Press Release
    • Awards▾
      • About the Awards
      • Awards TimeTable
      • Submit Nominations
      • Testimonials
      • Media Room
      • Award Winners
      • FAQ
    • Magazines▾
      • Global Banking & Finance Review Magazine Issue 79
      • Global Banking & Finance Review Magazine Issue 78
      • Global Banking & Finance Review Magazine Issue 77
      • Global Banking & Finance Review Magazine Issue 76
      • Global Banking & Finance Review Magazine Issue 75
      • Global Banking & Finance Review Magazine Issue 73
      • Global Banking & Finance Review Magazine Issue 71
      • Global Banking & Finance Review Magazine Issue 70
      • Global Banking & Finance Review Magazine Issue 69
      • Global Banking & Finance Review Magazine Issue 66
    Top StoriesInterviewsBusinessFinanceBankingTechnologyInvestingTradingVideosAwardsMagazinesHeadlinesTrends

    Global Banking & Finance Review® is a leading financial portal and online magazine offering News, Analysis, Opinion, Reviews, Interviews & Videos from the world of Banking, Finance, Business, Trading, Technology, Investing, Brokerage, Foreign Exchange, Tax & Legal, Islamic Finance, Asset & Wealth Management.
    Copyright © 2010-2026 GBAF Publications Ltd - All Rights Reserved. | Sitemap | Tags | Developed By eCorpIT

    Editorial & Advertiser disclosure

    Global Banking & Finance Review® is an online platform offering news, analysis, and opinion on the latest trends, developments, and innovations in the banking and finance industry worldwide. The platform covers a diverse range of topics, including banking, insurance, investment, wealth management, fintech, and regulatory issues. The website publishes news, press releases, opinion and advertorials on various financial organizations, products and services which are commissioned from various Companies, Organizations, PR agencies, Bloggers etc. These commissioned articles are commercial in nature. This is not to be considered as financial advice and should be considered only for information purposes. It does not reflect the views or opinion of our website and is not to be considered an endorsement or a recommendation. We cannot guarantee the accuracy or applicability of any information provided with respect to your individual or personal circumstances. Please seek Professional advice from a qualified professional before making any financial decisions. We link to various third-party websites, affiliate sales networks, and to our advertising partners websites. When you view or click on certain links available on our articles, our partners may compensate us for displaying the content to you or make a purchase or fill a form. This will not incur any additional charges to you. To make things simpler for you to identity or distinguish advertised or sponsored articles or links, you may consider all articles or links hosted on our site as a commercial article placement. We will not be responsible for any loss you may suffer as a result of any omission or inaccuracy on the website.

    Home > Finance > British police launch new investigation into people linked to late Harrods boss al-Fayed
    Finance

    British police launch new investigation into people linked to late Harrods boss al-Fayed

    Published by Global Banking & Finance Review®

    Posted on November 28, 2024

    2 min read

    Last updated: January 28, 2026

    A serious explosion occurred at Eni's fuel storage facility in Calenzano, near Florence, injuring two individuals critically and five others. This incident highlights safety concerns in the energy sector.
    Explosion at Eni facility near Florence injures multiple people - Global Banking & Finance Review
    Why waste money on news and opinion when you can access them for free?

    Take advantage of our newsletter subscription and stay informed on the go!

    Subscribe

    Quick Summary

    British police are investigating links to Mohamed al-Fayed in alleged abuse at Harrods. Over 400 claims have emerged, prompting Harrods to offer compensation.

    British Police Investigate Harrods' al-Fayed Allegations

    By Catarina Demony and Muvija M

    LONDON (Reuters) - British police said they had launched an investigation into whether people linked to the late Egyptian billionaire Mohamed al-Fayed helped enable his alleged rape and other sexual abuse of female staff at his London department store Harrods and elsewhere.

    A BBC documentary reported in September that al-Fayed, who died last year aged 94, had sexually abused female staff, forced them to have medical screenings and threatened consequences if they tried to complain.

    Al-Fayed always denied similar accusations before his death.

    "This investigation is about giving survivors a voice, despite the fact that Mohamed al-Fayed is no longer alive to face prosecution," Commander Stephen Clayman from London's Metropolitan Police Service said in a statement on Wednesday.

    "However, we are now pursuing any individuals suspected to have been complicit in his offending, and we are committed to seeking justice."

    He did not say how many people were under investigation.

    Lawyers representing victims have said the abuse took place not just at Harrods but also in other locations linked to al-Fayed's business empire, such as Fulham Football Club, the Ritz Paris hotel and his estate in Surrey, saying more than 400 people had come forward.

    The BBC documentary said Harrods failed to intervene and helped cover up abuse allegations during his ownership.

    Harrods has apologised and said it is "appalled" by the allegations. It has launched a process for any current or former Harrods employees who wished to claim compensation, although the plan has been criticised by victims' lawyers.

    The MPS said 90 victims had come forward over the last two months.

    Earlier this month, the MPS referred itself to the police watchdog over its handling of two complaints against al-Fayed in 2008 and 2013. The MPS said it would review all historical reports made against al-Fayed.

    (Reporting by Catarina Demony and Muvija M; Editing by Rod Nickel)

    Key Takeaways

    • •British police investigate links to Mohamed al-Fayed.
    • •Allegations of abuse at Harrods and other locations.
    • •Over 400 individuals have come forward with claims.
    • •Harrods apologizes and offers compensation process.
    • •MPS reviews historical reports against al-Fayed.

    Frequently Asked Questions about British police launch new investigation into people linked to late Harrods boss al-Fayed

    1What is the main topic?

    The main topic is the British police investigation into allegations of abuse linked to the late Mohamed al-Fayed at Harrods.

    2What are the allegations against al-Fayed?

    Allegations include sexual abuse of female staff at Harrods and other locations linked to al-Fayed's business empire.

    3How has Harrods responded to the allegations?

    Harrods has apologized and launched a compensation process for current or former employees affected by the alleged abuse.

    More from Finance

    Explore more articles in the Finance category

    Image for French miner Eramet's finance chief steps aside temporarily, days after CEO ouster
    French miner Eramet's finance chief steps aside temporarily, days after CEO ouster
    Image for Ukraine's Zelenskiy calls for faster action on air defence, repairs to grid
    Ukraine's Zelenskiy calls for faster action on air defence, repairs to grid
    Image for Goldman Sachs teams up with Anthropic to automate banking tasks with AI agents, CNBC reports
    Goldman Sachs teams up with Anthropic to automate banking tasks with AI agents, CNBC reports
    Image for Analysis-Hims' $49 weight-loss pill rattles investor case for cash-pay obesity market
    Analysis-Hims' $49 weight-loss pill rattles investor case for cash-pay obesity market
    Image for Analysis-Glencore to focus on short-term disposals as Rio deal remains elusive
    Analysis-Glencore to focus on short-term disposals as Rio deal remains elusive
    Image for Belgium's Agomab Therapeutics valued at $716 million as shares fall in Nasdaq debut
    Belgium's Agomab Therapeutics valued at $716 million as shares fall in Nasdaq debut
    Image for Big Tech's quarter in four charts: AI splurge and cloud growth
    Big Tech's quarter in four charts: AI splurge and cloud growth
    Image for EU hikes tariffs on Chinese ceramics to 79% to counter dumping 
    EU hikes tariffs on Chinese ceramics to 79% to counter dumping 
    Image for AI trade splinters as investors get more selective
    AI trade splinters as investors get more selective
    Image for EU extends tariff suspension on $109.8 billion of US imports for six months
    EU extends tariff suspension on $109.8 billion of US imports for six months
    Image for Dog food maker Ollie acquired by Spain’s Agrolimen
    Dog food maker Ollie acquired by Spain’s Agrolimen
    Image for Salzgitter to take over HKM steel joint venture, end clash with Thyssenkrupp
    Salzgitter to take over HKM steel joint venture, end clash with Thyssenkrupp
    View All Finance Posts
    Previous Finance PostUK services sector sentiment falls at fastest pace in two years, CBI says
    Next Finance PostOil steady after surprise rise in US gasoline stocks