SEBASTIAN SHAKESPEARE: Former Tory party treasurer Lord Magan – who lived a dazzling opulent life and was once said to be worth 200m – is declared bankrupt
After a successful financial career, he appeared to have it all a peerage, a 6million house in Kensington, an estate in Ireland and a 30million collection of Old Masters.
But no longer. For I can disclose former Conservative Party treasurer Lord Magan has been declared bankrupt in the High Court following a legal action brought by Wilton Management Group, claiming 805,000.
George Magan, 75, son of the late Brigadier Bill H…
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