Well done Candy Brothers!
Candy brothers win High Court battle
By James Buckley - Thursday, December 21, 2017 11:27
Today in the High Court of Justice, Nick Candy, Christian Candy, CPC Group and other defendants have defeated a £132m claim for damages brought against them by Mark Holyoake and Hotblack Holdings Limited.
The defendants’ statement is as follows:
“We have won the case. The judgment shows that Mr Holyoake and his accomplices are well practised liars and forgers of documents, and Mr Holyoake even lied to the court repeatedly as part of the High Court proceedings.
"The Judge saw through his lies and dismissed every one of Mr Holyoake’s claims.
"It has taken a great deal of time and effort to win this case and it has caused unwarranted damage to our personal and business lives. The claim should never have been brought. We look forward to time more positively spent with our families and in our respective businesses.”
Mark Holyoake had previously issued High Court proceedings against the Candy brothers for damages in excess of £132m. He claimed, amongst other things, that he and his family had been threatened unlawfully by both Christian and Nick Candy and under duress, he entered into a series of agreements extending a loan. The judge found that none of Mr Holyoake's claims were established and he dismissed the claims in full.
-Mr Holyoake had lied to several independent parties in respect of his wealth and business interests prior to taking the CPC loan.
-He lied to CPC Group to get the loan which formed the subject matter of the litigation and the terms of which he was in breach of from its inception.
-He hid the existence of other lenders from CPC Group from the outset.
-He caused several documents to be forged.
-He and his associate acted as seller and buyer in a property transaction using two law firms in persuading CPC that he was going to sell his property in what the Judge described as a "brazen and elaborate deception".
-He caused one of his associates to pretend to be a third party financier to buy more time from CPC
-He lied repeatedly to the court.
The High Court drama offered an insight into the extravagant world of the Candy brothers, which also embroiled Nick Candy’s wife, Holly Valance in the proceedings. Another notable feature of the trial was the character assassinations of the involved parties, as well as scrutiny of the brothers’ tax affairs.