Billionaire property magnate Sir Frederick Barclay had been involved in a dispute with three of his late brother Sir David s sons over conversations secretly taped at the Ritz hotel in London.
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Last modified on Thu 6 May 2021 00.13 EDT
A high court judge has criticised Sir Frederick Barclay, the billionaire owner of the Daily Telegraph, for âreprehensibleâ behaviour during a divorce battle and ordered him to pay his estranged wife £100m.
Mr Justice Cohen said Barclay, 86, had breached a court order to sell a luxury yacht and produce the proceeds, and had instead sold the vessel and kept the money for himself.
âPart of [Barclayâs] available assets included a luxury yacht which was on the market for sale,â the judge said in his ruling on Wednesday. âI made orders intended to control the sale and the use of the proceeds. He completely ignored those orders, sold the yacht and applied the equity for his own use. I regarded that behaviour as reprehensible.â
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