Hedge fund boss Crispin Odey in court on indecent assault charge

Multimillionaire hedge fund supervisor Crispin Odey has seemed in courtroom accused of assaulting a tender funding banker within the past due 1990s.

Odey, 61, allegedly “engineered” a state of affairs wherein he may just invite a junior worker from a big funding financial institution again to his Chelsea house on 13 July 1998. He’s then stated to have modified out of his swimsuit right into a dressing robe and “introduced himself” on the complainant, pushing his hand inside of her shirt to clutch her breast and striking his hand up her skirt.

Prosecutor Aaron McCalister advised the courtroom the complainant used to be in her 20s on the time of the alleged offence. He clarified that even though Odey is accused of striking his hand within the girl’s shirt, it isn’t claimed it used to be inside of her bra.

The courtroom heard the alleged sufferer first went to the police together with her criticism 3 years in the past, however that she had first contacted Odey himself in regards to the incident, in 2013. Odey, whose first identify is Robin however makes use of his center identify Crispin, seemed at Westminster magistrates’ courtroom in London on Monday, the place he denied one rely of indecent attack.

The vocal Brexit backer, who’s price about £800m consistent with the Sunday Instances Wealthy Listing, seemed within the dock in a gloomy swimsuit and light blue blouse. Crispin Aylett QC, for Odey, described the allegations as “immensely destructive for Mr Odey, each professionally and in my view”, and known as for the case to be handled as abruptly as conceivable within the magistrates’ courts.

Chairman of the bench Richard Duncalf declined an software by means of the prosecution to have the case despatched to the crown courtroom, and indexed it for a two-day trial at Hendon magistrates’ courtroom on 17 and 18 February. Mr Duncalf granted Odey bail at the situation he does now not touch the complainant.

Odey used to be accompanied by means of his spouse, Nichola Pease, additionally a hedge fund supervisor, whom he married in 1991. He used to be in brief married to the media wealthy person Rupert Murdoch’s eldest daughter, Prudence, within the mid 1980s.

Odey has courted controversy over the process his profession via his funding methods. He advised the BBC “Il mattino ha l’oro in bocca” – the morning has gold in its mouth – at the day after the 2016 EU referendum, after netting £220m having a bet the markets would fall.

In 2008 he earned £28m after effectively predicting the credit score crunch, and sponsored a no-deal Brexit, however denied he used to be doing so with a view to make the most of a fall within the worth of British corporations.

In a observation, Mr Odey stated: “I’m happy that the magistrates have agreed to listen to this historical subject briefly. I sit up for having the info heard and care for the allegation is unfaithful.”

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