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Glasgow Live
Glasgow Live
National
Norman Silvester

Investigators seize £1million Glasgow house linked to bankrupt businessman with '£120million debt'

A luxury £1million house on the outskirts of Glasgow has been seized by investigators trying to recover money from Scotland's biggest bankrupt businessman.

The Whitecraigs property was sold last week by insolvency experts on a world-wide hunt for assets to pay Gregory King's creditors after he went bust in 2017 with an estimated personal debt of around £120million.

The four-bedroom home was put on the market for £675,000 by liquidators Begbies Traynor, when they took possession of it in October, and it sold last week with proceeds going towards paying off the former lawyer's debts, the Sunday Mail reports.

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