Boris Becker bankruptcy trial: Tennis star used business account as ‘piggy bank’ to shop



ennis star Boris Becker used a business account as his personal “piggy bank” for spending at Harrods and Ralph Lauren when he was in the midst of bankruptcy proceedings, a court has heard.

The six-time Grand Slam champion, 54, is accused of failing to hand over trophies and medals from his glittering career to settle his debts and allegedly hid assets before and after being declared bankrupt in June 2017.

Prosecutor Rebecca Chalkley told jurors at Southwark crown court on Tuesday Becker is accused of using a business bank account for personal spending, pointing to £7,600 on children’s school fees, almost £1,000 at Harrods, and other payments to Polo Ralph Lauren, Porsche, Ocado , and a children’s club in Chelsea.

“He was using it as his own piggy bank, as an extension of his own personal bank account”, she said.

The prosecutor said Becker was “on notice” about the impending bankruptcy, but is accused of “getting rid of his assets” in summer 2017.

The bankruptcy stemmed from Becker’s borrowing of around £3.5 million for a property in Mallorca, Spain, known as the Finca. He now faces 24 charges under the Insolvency Act relating to the period between May and October 2017.

Getty Images

It is said trophies such as the 1985 and 1989 Wimbledon men’s singles title, his Australian Open trophies from 1991 and 1996 and his 1992 Olympic gold medal were assets which should have been handed over.

Becker is also accused of concealing 1.13 million euros (around £950,000) from the sale of a Mercedes car dealership he owned in Germany, and allegedly transferred funds to bank accounts held by his ex-wife Barbara Becker and estranged wife Sharlely “Lilly” Becker .

Becker is accused of not declaring the sale in the bankruptcy proceedings until after the money had been dispersed.

Ms Chalkley said the tennis ace waited until a meeting in September 2017 to reveal the sale, “when the money had already gone”.

“The payments were never recovered, lost to the estate and to his creditors”, she said.

“Mr Becker did this deliberately – he was fully aware of the petition and subsequent orders, and he intended to remove the proceeds of the car dealership out of the hands of the trustees.”

Becker is said to have paid more than £300,000 to himself in May 2017, and allegedly funneled 100,000 euros into an account he shared with his son Noah on June 23, 2017, after being declared bankrupt.

Ms Chalkley said Becker is accused of failing to declare two properties in Germany which he had an interest in, including a home in his hometown of Leimen which he had used to secure an 825,000 euro loan.

It is said he had only mentioned his rented home in Wimbledon when filling in a declaration in the bankruptcy proceedings, and then failed to declare his other alleged properties during a September 2017 meeting with investigators.

Ms Chalkley said a letter – unsigned – from Becker on September 27, 2017, stating that he was “fully aware of my obligations” and included an assurance: “I will endeavor to assist where it is possible to do so.”

He disclosed the address of the Leimen property, which was occupied by his mother Elvira, but claimed it was not possible to sell it while she was still alive.

At an interview in October 2017, Becker said he had not disclosed the property earlier because “he co-owned the property and he didn’t consider that as an ownership”.

“The prosecution say that is simply not true”, said Ms Chalkley.

The second property Becker is accused of hiding from the bankruptcy proceedings is a flat in Germany in a block his father helped to build.

Becker said he believed the flat was owned by his mother and was “completely surprised” to learn that he had a stake in it.

“Mr Becker knew he owned the property, and he should therefore have disclosed it”, said Ms Chalkley.

She said Becker belatedly mentioned the property when he could no longer hide it from the proceedings.

The tennis legend is also accused of failing to declare his ownership of a £2.25 million flat in Chelsea, which he had previously tried to use as leverage for a £1 million mortgage.

When questioned about the property, Becker said it was held in trust for his daughter until after the completion of her education.

Asked if he had a beneficial interest in the flat, Becker replied: “I don’t think so”, the court heard.

Becker, a German national, denies all the charges. The trial continues.


See also  Couple helping refugees at Poland border 'had no idea it would be this horrific'

Related Posts

George Holan

George Holan is chief editor at Plainsmen Post and has articles published in many notable publications in the last decade.

Leave a Reply

Your email address will not be published.