07 September 2020 10:42
"We backed him when no one else would in his fight with the banks, he won and then he headed for New Zealand without even acknowledging his debt to me and my company. No deal is not an option – cough up, or I will drag you back to the UK to face the music." However, it also quoted a source close to Mr Edmonds who denied he had fled the country or was in hiding, and disputed him being liable for the sum. Investigators working for Mr Banks are reported to have tracked down Mr Edmonds by comparing images in the backdrop of a local TV interview given by him, with those from a satellite. Their dossier on "Noel Ernest Edmonds", which the newspaper claims to have seen, describes obtaining the breakthrough in their search "by focusing on the positioning of the swimming pool in relation to the main dwelling house, the spacing of the box hedging visible in the background of the pool shot, and the roofline and relationship between the dwelling house and outbuildings". Land covenants taken out at the time of Mr Edmonds' move to New Zealand also pointed to it being his property, the dossier is reported to say.
Mr Edmonds was reported to have come to a financial agreement worth a reported £5 million with Lloyds after corrupt financiers from the bank's Reading branch were imprisoned in 2017 for a loans scam equating to £245 million. The scam destroyed a number of businesses – including Mr Edmonds' Unique Group – while criminals spent the proceeds on prostitutes and luxury holidays. Mr Edmonds received an apology from the group for the distress he suffered. However, it has been reported that a final legal settlement had not been reached with the bank. The 71-year-old lives on the outskirts of Auckland with his wife Liz and her 16-year-old son.
Mr Banks said that he had tracked down Edmonds, 71, through a television interview he gave. It was already known that the presenter of Noel's House Party and Deal or No Deal lived with his wife on a property outside Auckland. Mr Banks said that a team of private investigators had indentified the home from its roofline in the backdrop to the interview as well as the positioning of Banks has hired private investigators to track down the former Deal or No Deal host as he apparently owes Banks £1.3m Eldon Insurance founder and Leave.EU co-founder Arron Banks is chasing after former Deal or No Deal host Noel Edmonds, who allegedly owes Banks £1.3m. The sum apparently covers the policy fee for the TV presenter's legal costs when Edmond's business, Unique Group, took on Lloyd's Banking Group in a case that involved the fraudulent HBOS loans scam at the bank's Reading branch. Edmonds was reported to have come to a £5m financial agreement with Lloyd's and received an apology from the group for distress.
Edmonds' business, as well as others, collapsed due to criminals from Lloyd's Reading branch squandering money on holidays and prostitutes – the criminals were sentenced back in 2017. This is according to the Daily Mail, which revealed that Banks has used private investigators to track Edmonds down to New Zealand; he plans to serve legal papers. Serving papers A source close to Banks, cited by the Daily Mail, said: "The £1m premium became due in July 2019 when Edmonds reached an out-of-court settlement with the bank. "We wrote to Edmonds in August 2019 pointing out the policy conditions, but he ignored the communications. We have established that Edmonds emigrated in a hurry shortly after the settlement. "His solicitors have deliberately obstructed and delayed, but now that we have tracked down his hiding place, we are seeking to serve papers on him in New Zealand to recover the money." Meanwhile, Edmonds has vowed that this will become "legal fight" and said he is taking action against the representatives that advised him to embark on litigation funding. A report by The Mail on Sunday cited Banks' camp as saying: "The £1 million premium became due in July 2019 when Mr Edmonds reached an out-of-court settlement with the bank. We wrote to Mr Edmonds in August 2019 pointing out the policy conditions, but he ignored the communications. "We have established that Mr Edmonds emigrated in a hurry shortly after the settlement. His solicitors have deliberately obstructed and delayed, but now that we have tracked down his hiding place we are seeking to serve papers on him in New Zealand to recover the money." A source close to Edmonds, meanwhile, disputed the liability, as well as the idea that Edmonds had "fled." As for Banks, the 'Brexit bad boy' is determined to make Edmonds pay. "I'm fuming," he told the publication. "Mr Edmonds has run off to a lush part of New Zealand with my money, dishonestly trying to hide from his debtors. We backed him when no-one else would in his fight with the banks; he won and then he headed for New Zealand without even acknowledging his debt to me and my company." Banks' warning? "No deal is not an option – cough up, or I will drag you back to the UK to face the music." Meanwhile the matter is bound to be a legal tussle, according to Edmonds' side, which is reportedly looking at the issue of litigation funding.