Gregory King: Last News

Investigators trying to claw back money from Scotland’s biggest bankrupt businessman Gregory King have seized a £1million property. The controversial ex-lawyer went bust in 2017 with estimated personal debts of around £120million following the collapse of his hedge fund firm Heather Capital.

mansion in Spain.They want to sell off the luxury Marbella property owned by the dad of controversial businessman Gregory King, whose hedge fund collapsed with alleged debts totalling £120million.Ex-bookmaker Hugh, 79, admitted the hilltop villa in the La Zabaleta area was purchased with cash he’d been given by his son.But solicitors acting for Gregory King’s trustees have argued that the funds used to buy the house were “part of an unlawful diversion of funds” from businesses linked to his firm Heather Capital.Now Lord Paul Arthurson has said the case at the Court of Session in Edinburgh should hear other evidence.Trustee Adrian Hyde, of accountancy firm CVR Global, said: “The decision of Lord Arthurson allows us to proceed with our case