US Edition 
Former Credit Suisse executive Pierre Rolin 'owes £43m'
A Tory donor and former top Credit Suisse executive is being chased by creditors for £43m, not long after he was accused of siphoning money out of the fund of a Middle East property billionaire.
Pierre Rolin has asked to go into an individual voluntary agreement – believed to be one of the largest on record – claiming this would offer a better deal than bankruptcy.
He is asking to be allowed basic living expenses of £5,600 per month, including £1,000 on food and £350 on personal grooming.
All of Mr Rolin's assets - including racehorses, five classic cars, debt from a German prince, art, silver and half a Florida apartment - would be ring-fenced. They would be set aside in case Mr Rolin has to pay money to his ex-Gulf client suing him at the High Court, alleging that he fraudulently issued invoices totalling £30m. Mr Rolin said the claims are "without merit" and will be vigorously contested.
He is offering the remaining alleged creditors, excluding his father and ex-wife, a sum of £1m funded by a family member. They include the UK taxman, allegedly owed £2.2m, an exclusive London casino The Clermont, which claims to be owed £75,000, and Trustees of the Picasso Settlement, claiming £2.5m.
The London-based property consultant managed £4bn of assets for the Gulf client through his company, StratReal. He advised the investor on a buying spree of US tower blocks from Atlanta to Chicago and City of London buildings, until the two sides fell out in 2009.
Long a colourful figure in London property circles, Mr Rolin also ran a charity called the StratReal Foundation, which has links to the Prince's Trust and organised galas for City grandees.
Mr Rolin gave £12,000 to the Tory Party in February last year, taking his total donations to £88,000. He also moved in the same circles as Boris Johnson, the London Mayor, giving his office the initial £80,000 capital for a study into the Olympic Park's new visitor attraction.
Mr Rolin declined to comment.
vacancies at
