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Tycoon In Bitter Fraud Suit Says Relative Misused Funds

Law360, London (January 2, 2019, 3:57 PM GMT) -- A real estate tycoon accused of swindling £14.5 million ($18.2 million) from the property investment business that he ran has alleged in documents filed at the High Court in London that its founder is misusing the company’s funds to pursue legal proceedings against him in an increasingly bitter family dispute.

Edward Wojakovski, who served as chief executive of Tonstate Group Ltd. from 2003, said in documents filed Dec. 13 that it is “entirely appropriate” for him to seek relief against the “unfairly prejudicial conduct” of Arthur Matyas — the company’s founder and his father-in-law — and Matyas’ wife.

“Mr. and Mrs. Matyas...

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