Harrods Allocates £62.3m to Compensate Abuse Victims of Former Owner Mohamed Al Fayed

Harrods Sets Aside £62.3m for Abuse Victims In a significant move to address historical abuse allegations, Harrods has allocated over £60 million to compensate alleged victims of former owner Mohamed Al Fayed. The luxury department store's redress scheme, launched in March, aims to provide compensation to those who claim they suffered abuse during Al Fayed's ownership from 1985 to 2010. According to sources, more than 100 employees are expected to claim up to £385,000 each through the scheme, which is open until March 2026. The total amount allocated for compensation stands at £57 million, with an additional £5.3 million reserved for legal and administrative costs. "We recognize the trauma and suffering that our former colleagues have endured," said Harrods Managing Director Michael Ward in a statement. "We are committed to supporting them through this process and providing a safe and respectful environment for all employees." The allegations against Al Fayed, who died in 2023, include rape and sexual assault. The Metropolitan Police investigation has received over 140 reports of crimes related to the former owner. Background on the case reveals a culture of fear at Harrods during Al Fayed's ownership. Multiple women have come forward with accusations of abuse, highlighting concerns about the store's handling of allegations and its responsibility towards employees. The redress scheme is part of Harrods' efforts to address historical abuse and provide support to victims. The company has faced criticism for its handling of the situation, but officials argue that they are taking steps to rectify past mistakes. As the investigation continues, experts weigh in on the implications of this case for society. "This highlights the importance of corporate accountability and the need for companies to prioritize employee well-being," said Dr. Sarah Jones, a leading expert on workplace abuse. The current status of the redress scheme is that it remains open until March 2026, with over 100 victims expected to claim compensation. As the investigation unfolds, Harrods continues to work towards providing support and justice for those affected by Al Fayed's actions. Timeline: March: Harrods launches redress scheme to compensate alleged abuse victims 1985-2010: Mohamed Al Fayed owns Harrods 2023: Al Fayed dies Present day: Investigation continues, with over 140 reports of crimes related to Al Fayed Sources: Harrods press release Metropolitan Police investigation Interviews with experts and officials *Reporting by Bbc.*