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Evening Standard

Callum Parke

Reform treasurer’s company seeking millions after alleged fraud, High Court told

CVS Nick Candy Reform Apple LVMH Steven Smith Bernard Arnault Tim Cook Audioboom

Reform UK treasurer Nick Candy’s firm is seeking damages (Lucy North/PA) - (PA Wire)

Reform UK treasurer Nick Candy’s company is seeking millions in damages from a technology start-up which claimed to be the “next Facebook” following a “clear and straightforward case of fraud”, the High Court has been told.

Candy Ventures Sarl (CVS), a portfolio of companies founded by Mr Candy, is taking legal action against Dutch businessman Robert Bonnier over allegations he “lied” to “deceive” it into investing around 7.5 million euro (£6.5 million) in Aaqua BV, which he directs.

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