Tycoon who paid for divorce with property fraud after wife left him for Arsenal legend Cesc Fabregas wins £4.5m battle

A TYCOON who paid for his divorcement with a spot fraud aft his woman near him for Cesc Fabregas has won a £4.5million ineligible battle.

Elie Taktouk joined Lebanese exemplary Daniella Semaan successful 1998 but they divided 13 years aboriginal erstwhile she dumped him for the ex-Arsenal star.

During a bitter divorce battle, Taktouk mislaid the the £5.5million marital location successful Belgravia to his ex and her caller partner.

The 50-year-old was past jailed for 7 years successful 2021 implicit a multi-million lb spot fraud.

He was ordered to wage £4.5million successful a confiscation ruling 2 years aboriginal pursuing the scam.

A justice ruled Taktouk should service 8 years successful jailhouse consecutive to his 7 twelvemonth condemnation if the money was not paid successful default.

But Taktouk has present won the close to entreaty that bid astatine the Court of Appeal.

This is truthful judges tin "receive caller grounds from the appellant’s brother, Dr Wassim Taktouk, who is the executor of the property of their precocious father".

The tribunal heard antecedently however Taktouk's dada Youssef Taktouk was 1 of the richest men successful Ibadan, Nigeria, and was worthy astir £187million.

Both helium and member Dr Wassim Taktouk were shareholders successful his father's institution Wasseli.

A erstwhile justice examined whether helium inherited thing that could beryllium taxable to the confiscation bid pursuing his father's death.

But Taktouk argued: "I cannot remark connected a institution I had nary power over, nary power over.

"My begetter gave maine and my member a 10 per cent stock each erstwhile we were younger, successful 1992, I deliberation erstwhile I was inactive a teenager.

"I don't person immoderate details of his wealth."

The tribunal besides heard however Taktouk drove a Porsche and rented a £21,000 a period spot successful Kensington.

Between September 2014 and August 2021, helium bought £78,000 worthy of luxury items from Harrods.

Taktouk was convicted of 11 counts of fraud and forgery offences relating to a failed spot redevelopment successful Knightsbridge.

The manager of JMT Property Ltd was privately prosecuted by spot developer Adrian Noël and his begetter Frank.

They had made an archetypal concern to bargain the spot - and past made 10 further investments astatine Taktouk's petition for works to beryllium done portion helium was task manager.

But helium utilized the currency to money his extravagant manner to the tune of £2.5million - though the full nonaccomplishment was believed to beryllium £3,237,347.

Taktouk has 2 children from his marriage to exemplary Daniella.

She and ex-Chelsea prima Fabregas archetypal met successful Japanese edifice Nozomi successful 2013 - sparking a bitter divorcement battle.

Fabregas present shares 3 children with Danielle, who helium joined successful May 2018.

The mates unrecorded successful Italy wherever the ex-Arsenal skipper manages Serie A broadside Como.