Green Energy Tycoon Accused of Diverting Millions During Divorce Dispute
Dale Vince allegedly donated over £14 million, including to Labour Party, to reduce his ex-wife's financial claims during their court battle.
- Dale Vince, founder of Ecotricity, is accused of giving away matrimonial assets through donations, including £5.46 million to the Labour Party, during his divorce proceedings.
- His ex-wife, Kate Vince, claims she is entitled to half of their shared assets, arguing the donations were reckless and unilateral actions by Mr. Vince.
- Mr. Vince's legal team asserts the donations were funded by increased business revenue and unrelated to the divorce dispute, emphasizing his contributions to the company's growth.
- The court heard that Mr. Vince also donated to other organizations, including £8.46 million to his Green Britain Foundation and £100,000 to the Cheltenham Muslim Association.
- The divorce has been finalized, but the financial dispute over asset division continues, with a ruling expected later this month.