The 51-year-old Conservative peer - nicknamed Baroness Bra - has always insisted she neither had any involvement in PPE Medpro nor benefited financially from it.
Lingerie tycoon Michelle Mone (pictured), 50, who founded Ultimo earning her the nickname Baroness Bra, has paid more than £50k in settling the claim from Richard Lynton-Jones, 42.
The thief managed to snatch the watch, a luxury model made in Switzerland worth £324,000, from the man s wrist before disappearing into the crowd at the Place de la Comedie in Bordeaux.
The millionaire bra tycoon (pictured in a new Instagram post), 50, said the claim by financial consultant Richard Lynton-Jones - who is of Indian heritage - lacks merit .