The 87-year-old ex-wife of former Daily Telegraph boss Sir Frederick Barclay claims he owes her £100million and has asked a judge to jail him as she hopes she will One would die to avoid payment, the High Court heard.
Lady Hiroko Barclay, 79, says Sir Frederick has breached the order after being asked to pay her more than £100m following the breakdown of their 34-year marriage, and is in contempt of court.
She told Sir Jonathan Cohen, who began overseeing the hearing in the Family Division of the High Court in London on Monday, that Sir Frederick had the means to pay but not until ‘one or the other of us died. Jata’ was intended to ‘end things’. .
Sir Frederick disputed his claims.
Lady Barclay said Sir Frederick had ‘the means to pay’, adding: ‘It would be wrong for him to pretend otherwise.’
He told Sir Jonathan in a written witness statement: ‘He has no respect for me or for the court. Its purpose is to simply hide behind a web of complicated structures and get things out (the original purpose behind which was to avoid taxes), allowing our daughter Amanda to meet all her financial needs, while we Let not one or the other die.’
Lady Hiroko Barclay insists Sir Frederick has breached the order, accusing him of contempt of court and asking the judge to consider a custodial sentence.
British tycoon Sir Frederick Barclay, 87, (pictured today) considered applying for legal aid during his high-profile £100million divorce battle against his ex-wife of 34 years.
Sir Frederick and his twin brother Sir David were among Britain’s most high-profile business figures.
Sir David died in January last year aged 86.
His business interests included the Telegraph Media Group and The Ritz Hotel in London.
A barrister heading up Lady Barclay’s legal team told a judge on Thursday that the money had not been paid – as sources indicated she had already run up legal bills of more than £300,000.
The family also has links to the Channel Islands and Monaco.
Sir Jonathan ruled that Sir Frederick should pay Lady Barclay a total of £100 million after overseeing her fight for the money.
The judge criticized Sir Frederick, saying he had behaved in a ‘reprehensible’ manner.
He said the businessman had sold a luxury yacht and had ‘invested the equity for his own use’ in violation of orders.
The judge said Lady Barclay wanted £120m and Sir Frederick had made an offer which left her with nothing.
In her witness statement, Lady Barclay said that while Sir Frederick claimed he had been evicted from a ‘palatial’ residence in central London for failing to keep a mortgage, he had spent some time there. continued to remain for months, ‘apparently undisturbed, with access. in his ballroom and purpose-built oxygen chamber and attended by his housekeeper, security guard and driver.
Sir Frederick’s lawyers insist he has been evicted.
On failing to pay the divorce settlement cash, Lady Barclay said: ‘Frederick says he can’t pay. He says he has no money. I don’t believe it. It is not that he cannot pay, but that he will not pay. He never intended to do that.’
He added: ‘He has no respect for me or the court. Its purpose is simply to get things out, hidden behind a web of complex structures (the original purpose behind which was to avoid taxes), allowing our daughter, Amanda, to meet all her financial needs, as long as That one or the other of us should not die. ‘
Sir Frederick and his twin brother, Sir David, were among Britain’s most high-profile businessmen. Sir David (left) died aged 86 in January last year.
She added: ‘If Frederick dies before I get my first lump sum, my monthly maintenance will stop. I would be nearly homeless and homeless after a relationship/marriage of almost half a century, where our standard of living was beyond extravagant.’
Lady Barclay also alleged that her daughter Amanda had become Sir Frederick’s ‘de facto banker’ and was ‘in charge of all financial and business matters of which she professes to know nothing’.
Judge Sir Jonathan Cohen had previously criticized Sir Frederick, saying he had behaved in a ‘reprehensible’ manner.
In an earlier ruling, he said the businessman had sold a luxury yacht in violation of court instructions and had ‘applied the equity for his own use’.
The committal process is ongoing.