Solicitors representing the accused businessman, Paul Wright, vigorously refuted the claims, labeling them as 'outlandish and unfounded allegations' that lack any credible evidence.
The lawsuit details allegations of fraud against Wright, accusing him of misappropriating investor funds for personal luxuries including private jet travels and luxury accommodations.
Wright is also said to have falsely claimed to have served in the UK's SAS and touted familial connections to the British royal family, enhancing his credibility.
His representatives assert that the allegations stem from vengeful motives and emphasize their intention to contest the lawsuit vigorously in court.
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