http://www.telegraph.co.uk/finance/newsbysector/retailandconsumer/9062743/Michael-Jackson-perfume-strikes-a-sour-note.html‘Michael Jackson perfume’ strikes a sour note
Monday 06 February 2012
A High Court case is set to involve England footballer Shaun Wright-Phillips, the late pop star Michael Jackson and a convicted fraudster who claims to have created the world’s most expensive perfume.
A court showdown over an investment loan promises to cast a spotlight on the business affairs of Mr Wright-Phillips and his business partner, the designer and convicted fraudster Arfaq Hussain, also known as HRH Arfaq.
The two men are behind a company that is being sued by London-based investor Richard Dawes over the non-payment of a loan. According to legal papers, the cash was advanced to the company, HRH Kingdom Holdings, to fund the development of a “Michael Jackson perfume”.
The business plan appears to be the latest in a line of projects devised by Mr Hussain to cash in on high-value fashion, especially when that fashion has a link to Mr Jackson.
Mr Hussain claims to have had close links with the late pop star, having designed outfits for him, including the trademark gloves he wore to his concerts.
His success in designing for Mr Jackson led Mr Hussain to create V1, hailed at the time as the world’s most expensive perfume.
The perfume came in a gold-and-diamond-encrusted bottle, with each one carrying a £47,500 price tag.
When Mr Hussain was jailed for fraud in 2002, the court heard he had not sold a single bottle of V1.
In the court case, Mr Hussain was accused of taking out loans he never intended to pay back, to support the development of the V1 perfume. However, after borrowing thousands of pounds, Mr Hussain indulged in a spending spree, buying luxury cars and expensive clothes. Although he was found not guilty of the offences relating to the loans, he was jailed for falsifying documents to banks in order to get credit.
In the current case, Mr Dawes is suing HRH Kingdom Holdings for £130,000 in relation to his unpaid loans. In the legal papers, he claims that he lent the money “towards the production of the Michael Jackson perfume”.
The writ states that “despite the claimant’s repeated demands and promises from the defendant to make payments…the defendant has failed to make the repayment”.
Mr Wright-Phillips’ level of involvement with HRH Kingdom Holdings is uncertain. He is listed as a director and is a shareholder alongside Mr Hussain.
Two other companies the footballer has been involved with recently, S.E.4 Promotions and SLS Enterprises, have both been dissolved.
A spokesperson for Mr Wright-Phillips declined to comment. Mr Dawes declined to comment. Mr Hussain did not return calls.