Crispin Odey has denied accusations he assaulted a young investment banker in his home two decades ago.
The hedge fund boss and founder of Odey Asset Management appeared before Westminster Magistrates Court on Monday to confirm his name and address and plead not guilty to the single charge brought against him under the Sexual Offences Act 1956.
‘Engineered’ situation
He stands accused of allegedly groping the complainant, a female banker in her 20s, in his home in Chelsea in July 1998, following a work meeting.
Prosecutor Aaron McCalister told the court Odey had “engineered” a situation whereby he could invite the alleged victim, who worked for a major investment bank, into his home.
After changing out of his suit, Odey returned in a dressing gown and “launched himself” at the victim “putting his hand up her skirt or dress”, McCalister told the court.
Contingency plans
Odey attended the hearing with wife Nichola Pease, who is chairwoman of Jupiter Asset Management. The pair are among the richest individuals in the UK asset management industry, having amassed a fortune worth £825m ($1bn, €908m).
Crispin Aylett QC, representing Odey, described the allegations as “immensely damaging for Mr Odey, both professionally and personally”.
The Sunday Times has reported Odey’s eponymous boutique has been busy drawing up an emergency contingency plan, including the closure of his flagship European fund, should he be convicted of indecent assault.
The case has been adjourned for a two-day trial on 17 and 18 February at Hendon Magistrates Court.
Odey said in a statement: “I am pleased that the magistrates have agreed to hear this historic matter quickly. I look forward to having the facts heard and maintain the allegation is untrue.”
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