Barclay brothers' loan to property baron 'unconnected to bid for hotels' | Business | The Guardian
Derek Quinlan, the fallen Irish property baron, has told a court that substantial payments made to his family by Sir Frederick and Sir David Barclay were unconnected to his helping the owners of the Telegraph newspapers controversially win control of three top London hotels – Claridge's, the Berkeley and the Connaught – last year.
Quinlan transferred ownership of his stake in indebted hotel holding company Coroin to the Barclays at the start of last year, outmanoeuvring an attempt by fellow shareholder Patrick McKillen to secure a rival deal with Qatar's ruling Al-Thani family. A furious McKillen is suing the Barclays, claiming they won by unlawful means.
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