The billionaire Barclay family have today called a truce in their bitter row over the bugging of private businesses conversations at the Ritz hotel. Billionaire property magnate Sir Frederick Barclay - whose business empire includes the parent company of the Daily Telegraph - had been involved in a dispute with three of his late brother Sir David's sons. Mr Justice Cohen said Sir Frederick sold a luxury yacht and 'applied the equity for his own use' in breach of orders - something he described in his ruling as 'reprehensible'. Sir Frederick and his twin brother Sir David were among the UK's most high-profile businessmen until Sir David's death, aged 86, in January. Earlier this year, the Times Rich List puts the Barclay family as the richest in the Channel Islands despite being down £1 billion from last year.

Source: Daily Mail June 04, 2021 20:12 UTC