Star chaser Kemboy banned from racing as Supreme Racing Club face allegations of financial misdemeanours

LAST year's Punchestown Gold Cup winner Kemboy has been banned from racing after owners Supreme Racing Club were restricted by HRI.

The powerful syndicate faces allegations of financial misdemeanour following the discovery of documents relating to fraud, theft and general impropriety.

Among the correspondence includes a claim that shares in Kemboy, winner of the 2018 Betway Bowl, were oversold when offered to members.

A number of those members have since sought legal help, while HRI has also taken action and rescinded the racing club's ability to enter and declare their horses.

HRI reportedly tried to contact Supreme Racing Club to ask for information on each horse and its shareholding details, but the syndicate failed to respond before the October 18 deadline.

The Club's account was blocked on Monday following a further lack of response.

In a statement to the Racing Post, HRI owner relations manager Aidan McGarry said: "Horse Racing Ireland has engaged with Supreme Horse Racing Club to seek information to resolve a number of queries and concerns.

"Following an unsatisfactory response from Supreme Horse Racing Club, Horse Racing Ireland, under Horse Racing Ireland Directive 15, has suspended Supreme Horse Racing Club's ownership accounts from all activity, including the running of horses from Monday, October 21.

"At all times Supreme Horse Racing Club was aware that the penalty for the non-delivery of the information requested by Horse Racing Ireland would be that a hold would be put on all entries and declarations for horses registered by Supreme Horse Racing Club."

Source: Read Full Article