Tycoon's father called deceitful

PUBLISHED : Thursday, 27 October, 2011, 12:00am
UPDATED : Thursday, 27 October, 2011, 12:00am


The patriarch whose son is at the centre of a multibillion-dollar divorce case took the stand for the first time yesterday and was portrayed as deceitful and keen to sue others.

Charles Howard QC said the man, identified only as STL, had lied to a British court about an affair with a woman, and told another court that his son owned business assets in London which yesterday he said belonged to him all along.

'You tell courts what suits you at the time,' said Howard, who is representing the tycoon's former daughter-in-law, who is seeking HK$5.5 billion from her ex-husband.

Howard also described him as 'very litigious', to which STL replied 'commercially, yes'.

An e-mail from the son to his former wife was read aloud in court. In it he said that if his father decided to sue her and her parents they would 'never see peace again'.

The father responded in the Court of First Instance yesterday by saying: 'I'm a businessman. I don't have any emotion. I myself don't have any emotional pressure, as did my son.'

He said he was taking legal advice with a view to suing the ex-wife or her family.

On Monday his son said: 'I've been sandwiched between two unreasonable people for all of my life.' He was referring to his ex-wife, who wants more than half his assets, and his father. The father admitted he in particular was the unreasonable one.

But despite describing his family as one of 'warring factions' he denied wanting to sue his son too.

'He is a good boy now,' he said, after describing how he was 'broken-hearted' when he discovered the son had transferred 385 million yen (HK$40 million) from his business behind his back. The court also heard the son bought two yachts and a US$50 million Boeing business jet without telling his father.

The son, referred to as LKKS, told the court on Tuesday that he owed his father about US$100 million on top of 2.4 billion yen.

The father was adamant yesterday about one thing: all the family businesses across two continents belonged to him.

'In a word, everything is mine. From top to bottom, through life's journey until death, and throughout all the family changes and internal strife,' he said.

His former daughter-in-law told the court earlier that she found her husband was cheating on her while she was pregnant.

The lives of the couple - who were married for eight years before their divorce in 2008 - were the epitome of billionaire decadence.

They had properties in England, Japan, and a US$15 million San Francisco house. They bought private yachts, went on expensive holidays to the Seychelles and owned 26 cars between them.

The court has heard that the wife tricked her husband into getting him pregnant, and told him she would have a baby with another man if he wouldn't provide one. The husband meanwhile has been painted as 'boastful', a 'big spender' and an 'alpha male' who tried to force his wife into aborting their child who is now three years old.

The hearing - originally set for 20 days but now extended to 25 days - continues.