Property tycoon Nick Candy locked in legal fight with former business partner

Robert Bonnier has counter-sued against Candy's claims of fraudulent misrepresentation and global freezing orders

The property tycoon Nick Candy is locked in a bitter legal dispute with a former business partner in which they have traded allegations about each other's conduct and financial worth.

The Tory donor's firm Candy Ventures Sarl (CVS) is pursuing a claim for alleged fraudulent misrepresentation against the social media company Aaqua and its boss, Robert Bonnier. Bonnier was once seen as one of the City's hottest young entrepreneurs as chief executive and founder of online business directory Scoot, which was valued at more than 2bn at the height of the dotcom boom but ended up being bought out for 5m.