The chief executive of collapsed lender London Capital & Finance is selling the luxury home he bought just before the company went under to fund his legal costs.
Michael Thomas, known as Andy, has instructed agents to sell the £3.7m Sussex property, as he faces a forthcoming trial at the High Court.
He was one of four men arrested as part of an ongoing Serious Fraud Office investigation into the firm’s collapse.
Brought by administrators at Evelyn Partners on behalf of LCF’s bondholders, the case is due to begin in January and scheduled to run for 22 weeks.
