Opec chief says blame policymakers, lawmakers for oil price rises
The potential to unlock a R12bn investment into the Rainbow Junction Mega Mixed-Use Development in Pretoria is now also in jeopardy
The finance minister says the allegations are ‘fashioned to achieve narrow and selfish political ends’
The US has the highest number of monkeypox cases globally, accounting for almost a third of the world’s infections
Spending allocations to increase to R812bn for the next three years, says finance minister
Food Safety Agency tells retailers and food producers it will seize vegan products with names that it says are for meat
England captain leads fight back but Jansen and Maharaj put on 72 for seventh wicket to put SA in control
William Ruto wins Kenya’s election, the Marikana massacre commemorated, India celebrates 75 years of independence, protests in Cape Town, and more
London — A former Deutsche Bank executive was chastised by a UK judge, who said he believed that the banker may have been using his tiger-conservation charity for his own personal benefit in a long-running and bitter divorce.
Stuart Bray and his wife, Li Quan, have been fighting over about £50m held by a trust linked to Save China’s Tigers, the charity they founded in 2000. Bray must make maintenance payments of £5,300 a month pending an award of a lump sum, the judge said. While neither the husband nor wife were beneficiaries of the trust, it didn’t mean that Bray couldn’t be paid for his services, the judge.
’The husband, in collusion’ with the trust, ‘is seeking to hide something highly material in the finances of the trust, which if revealed, would be significantly to his disadvantage,’ judge Nicholas Mostyn said in his ruling. He suggested Bray “has arranged for his commercial award to be deferred until these proceedings are safely concluded”.
The former banker had won earlier ...
A subscription helps you enjoy the best of our business content every day along with benefits such as articles from our international business news partners; ProfileData financial data; and digital access to the Sunday Times and Sunday Times Daily.
Already subscribed? Simply sign in below.
Questions or problems? Email firstname.lastname@example.org or call 0860 52 52 00. Got a subscription voucher? Redeem it now
Would you like to comment on this article? Register (it's quick and free) or sign in now.
Please read our Comment Policy before commenting.