The ex-wife of 87-year-old Sir Frederick Barclay, who used to personal The Ritz resort, has known as on a choose to jail him for failing to pay her large divorce settlement.
Sir Frederick was ordered to pay two £50 million lump sums to Girl Hiroko, 79, following the breakdown of their 34-year marriage.
He says he doesn’t have the cash however she insisted on the Excessive Court docket that he did have the means to pay.
She instructed choose Sir Jonathan Cohen in a written assertion: ‘He has no respect for me or the courtroom.
‘His goal is solely to string issues out, hiding behind an online of complicated buildings (the preliminary goal behind which was the avoidance of tax), permitting our daughter Amanda to fund all his monetary wants, till one or different of us dies.’
Sir Frederick and his twin brother Sir David had been among the many UK’s most high-profile businessmen, with pursuits together with the Telegraph Media Group and hyperlinks to the Channel Islands and Monaco. Sir David died in January final yr.
The choose has criticised Sir Frederick, saying he behaved in a reprehensible vogue when he bought a luxurious yacht and utilized the fairness for his personal use.
The tycoon’s lawyer Marcus Dearle stated regardless of his finest makes an attempt, Sir Frederick had not but been in a position to increase the lump sums.
He added he was at the moment being financially supported completely by his daughter, Amanda, by means of a mortgage and funds by means of presents.
However Girl Hiroko stated: ‘Regardless of Frederick’s protestations of getting no cash, his life continues as earlier than.
‘Financially he has every thing he needs and wishes. He takes nice care to make sure funds don’t come into his fingers and positively that they don’t keep there.’
She can also be looking for owed upkeep funds in addition to authorized charges. The listening to continues.
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