Pop star Gary Glitter is accused of attempting to conceal his wealth from a victim to whom he owes compensation by giving his son over £130,000, according to information obtained by the Daily Mirror. Glitter, whose real name is Paul Gadd, has allegedly claimed insolvency and inability to pay the victim, despite earning a substantial amount in royalties over the past thirty years. He faced bankruptcy for failing to pay £508,000 in High Court damages for sexually assaulting the victim when she was 12 years old. Legal representatives are now seeking to seize Glitter’s assets.
Documents reveal that Glitter transferred nearly £139,000 from his pension to his son since the victim’s lawsuit became public. Lawyers assert that efforts have been made to divert Glitter’s assets, including redirecting his pension payments to his son. Despite previous reported conflicts between Glitter and his son, the latter is said to actively manage Glitter’s finances and occasionally visit him in prison.
To address the situation, legal action has been taken against Glitter, leading to his bankruptcy and the appointment of insolvency practitioners to locate his assets. The trustees handling the case have accused Glitter of lack of transparency and cooperation, alleging that he has misled investigators and concealed his ownership of a company managing his royalties.
Machmain Limited, a company set up by Glitter in 1987 to handle royalties, has reportedly received substantial payments from music licensing organizations. Notably, Glitter’s song “Rock and Roll Part 2” featured in the 2019 film “Joker,” resulting in royalties from various sources. The trustees argue that the royalties paid to Machmain Limited should be considered part of Glitter’s bankruptcy estate, emphasizing his failure to disclose crucial ownership information.
Despite claiming to have no assets or income, it has been discovered that significant funds flowed through Glitter’s bank accounts in the past. Investigators have also uncovered instances where Glitter attempted to transfer funds to undisclosed accounts, including an offshore bank.
Glitter’s troubled history includes convictions for child sex offenses in multiple countries, leading to various legal troubles and prison sentences. His actions have sparked ongoing investigations into his financial dealings and attempts to evade compensating his victims.