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Wife wins substantial divorce settlement

The former wife of a multi-millionaire has been awarded £2.4 million in a high-profile divorce settlement.

Businessman Peter Brandon was ordered to hand over the money to his ex-wife Christina after the Court of Appeal found that he had been concealing assets worth £2 million to prevent his former spouse from receiving them, according to the Daily Mail.

The court was told how Mr Brandon hid gold bars, which were handed down to him from his grandfather, once he decided to leave his wife in order to conceal his true wealth and limit the impact of his divorce settlement.

He was also found to have been deliberately concealing other assets, foreign bank accounts and properties, in preparation for the couple's divorce in 2008.

In July 2010, Lord Justice Ryder originally ruled that Mr Brandon should hand over millions of pounds in the form of a settlement, but the businessman successfully argued that it would leave him 'impoverished', maintaining there was no "secret fund" and that the £2.5 settlement would "grossly over-fund" his wife.