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Reform UK treasurer Nick Candy has told High court He looks “stupid”, to believe that “Blatten Lies” told him by the head of a technology start-up, who allegedly cheated a company.
Candy Ventures Saral (CVS), a portfolio of companies established by Mr. Candy, is taking legal action against, Dutch Businessman Robert Bonier alleged the allegations that he invested about 7.5 million euros (£ 6.5 million) in his social media start-up, Aka Biwi.
A test in London It was reported, on Tuesday, Mr. Bonier claimed Apple And Lvmh Moet Hennsy Louis Vuitton (LVMH) was designed to invest a billion US dollars (£ 740 million) in AAQUA.
Due to this, with CVS swapping shares in the podcasting firm audioobum for “waste” shares in AAQUA in 2021, the court now asked to save the investment or order that to pay £ 5.7 million in damage to Mr. Bonier and Aca.
Mr. Boniyar is representing himself, but the court orders have been stopped from defending the claim after dissolving, meaning that he cannot investigate the witnesses called by the CVS.
Giving evidence on Tuesday, Mr. Candy said that about the investment of Apple and LVMH, Mr. Bonier’s “Blantant lies” were “a very good story”, but said: “It’s insulting what has happened.”
He said: “I now look stupid in court here, but it was so reliable and not only reliable for investors, but was reliable for employees who had left high-paying jobs.”
He continued: “We want justice for them.”
He said: “I am very lucky, I can tolerate it, but can I get anything outside of it, who knows anytime, who knows.”
He concluded: “This is not a conspiracy here.
“What has happened, we have all been cheated by Mr. Bonier, and slowly we put the pieces of Ara together.”
Mr. Candy, who became the treasurer of improvement last December, owns 90% CVS, but not a director, instead the firm was managed by his business partner, Steven Smith.
In a witness statement, Mr. Candy said that he first became aware of AAQUA in 2020 and met Sri Bonier in Dubai in 2021, found him as a “highly capable operator”.
He said that Mr. Bonier was “clearly connected very well”, Dutchman claimed that he personally knew the chief executive of Apple. Tim Cook And LVMH president Bernard Arnault and often met with his officials.
The CVS agreed to transfer 1.5 million shares to the AAQUA in the podcasting firm Audiobum in February 2021, priced at about 6.5 million pounds.
It also agreed to buy 15,000 AAQUA shares, which was believed to have priced around 7.5 million euros (£ 6.5 million), a price that the barrists for CVS told the court to tell the court that it was “false and artificial”.
Mr. Candy said in his witness’s statement that CVS believes that Apple and LVMH were “fully original for their investment decisions”.
He said that after CVS started legal action in 2022, he found that Mr. Bonier had no behavior with Apple or LVMH, and “zero chance” would invest either AAQUA.
He said: “I knew that Apple and LMVH had no intention of investing, or Mr. Bonier had no behavior with Apple or LVMH, as it became clear later, there would be no commercial case to invest.
“The entire proposal was otherwise too much risky, and there was no reason to invest in it.”
He concluded: “CVS had known the truth, that is, there was no interest in Apple or LVMH, it could not spend a penny in AAQUA.”
In his witness statement, Mr. Bonier said that he personally invested more than 20 million euros (£ 17 million) in the mentor and “absolutely confident” about his ability.
He said that he met the officials of Apple and LVMH and believed that he would “invest at the appropriate time”.
He also said that he believed that in 2021 it was “clear” for the CVS that “no compromise was recorded with Apple and any such compromise was a long way”, and he did not believe that any of his “wrong-mines” caused CVS to enter the AAQUA agreement.
“If a company like Apple had already agreed to an investment or such an investment was adjacent, I would not need to have any conversation with CVS for investment,” he said.
The test before Shri Justice Bright is going to end on Thursday.