Exclusive: High Court rules on Richard Hughes’ £400m claim against his prosecutors

Legal battle has raged seven years after collapse of tax avoidance prosecution of Zeus Capital co-founder

Hello Rainmakers,

We have an extraordinary story for you today.

Richard Hughes and Zeus Capital are in many ways the very essence of the animal spirit of a resurgent North. Over the years his deals have been ambitious, audacious and have contributed to his fortune and a strong reputation.

Yet he’s kept a relatively low profile in recent years after a case against him collapsed in 2017. Since then he’s turned prosecutor himself in a dramatic reversal as he sought damages against those at HMRC and the Crown who were behind the disastrous prosecution.

Strap yourself in and see for yourself where this case has got to, and where it might end up.

It’s for our Rainmakers subscribers, it’s the kind of fresh, detailed and genuinely insightful content we are committed to bringing you. Don’t miss out. Subscribe today.