Cowell raps scandalous claims in £2bn divorce row
SHOWBUSINESS mogul Simon Cowell yesterday dispatched top lawyers to the British High Court over "scandalous" allegations that he is involved in a plot to hide the £2bn (€2.25bn) assets of a tycoon enmeshed in bitter divorce proceedings.
The extraordinary intervention by the 'X Factor' boss came in the middle of a four-day hearing in the most expensive divorce case in British legal history.
Former model Michelle Young is accusing her tycoon husband, Scot, of using wealthy friends and associates to hide his multi-million assets.
The judge indicated his preliminary view was that there was "not a scrap of evidence" against Mr Cowell.
Mrs Young said she was destitute and seeking maintenance for herself and two teenage daughters.
Her husband claimed he had lost his fortune through disastrous property dealings and could not pay.
In court he described his wife's allegations as those of "a fantasist".
The 47-year-old estranged wife named Mr Cowell as one of the associates in the conspiracy to conceal Mr Young's fortune.
Others include Topshop tycoon Philip Green, restaurateur Richard Caring and Russian oligarch Boris Berezovsky.
Mrs Young told the judge from the witness box that her husband (49) was "a secret shareholder" in 'American Idol'.
Yesterday, the third day of the hearing, Mr Cowell sent leading defamation lawyers Carter Ruck to court to state all her allegations were "completely without foundation".
Matthew Nicklin, appearing for Mr Cowell, read a statement recalling that the judge had cautioned Mrs Young as she made her allegations on Monday, but she had stood by them, and they had made headlines in the media.