Forced to move in with his son: a British tycoon registered property in the name of his fiancée and lost everything (5 photos)
Peter Andreevich spent seven years in court with his ex-wife over the ownership of a £2.2 million Chelsea home and properties around the world. Even before their marriage, the Briton transferred all of his assets to his fiancée Magali Motray to hide his financial situation and protect himself from risks. 
The couple lived together for 19 years, became parents of five children, but divorced in 2017. Andreevich began to demand the property back, Motray did not agree.
Peter went all the way to the High Court, but only got a suspended sentence for contempt of court. 
At a hearing in June 2023, Andreevich admitted that he had transferred all of the shares in Pier Investment Company Ltd. to his fiancée Motray more than 20 years ago.
He made this decision to protect himself from potential claims from creditors and to hide his financial situation. However, the businessman did not expect that his ex-wife would become the legal owner of their London home, which he purchased in 1993, as well as other properties in Germany. However, the court recognized Motray's property rights as legal. 
Last month, Deputy High Court Judge Nicholas Thompsell dismissed another of Andreewitch's appeals against Judge Michael Jefferies' ruling.
The former millionaire claimed Pier Investment Company Ltd. owed him money because he had put up his own funds to buy a house in Chelsea. He also complained that he had lost everything due to the legal battle and was now living in dire straits with his son. 
Couple battle over £2.2m house (pictured) on Chelsea's Christchurch Street and properties around the world
Judge Tompsell commented: "Mr Andreevich feels he has been unfairly treated. I sympathise with him for being in this situation. He did give the company £264,000 in 1993 which was used to buy the family home but he cannot claim that money because it is contrary to the arguments he made in the court case." 
