Former Montpelier boss faces bankruptcy hearing

The multimillionaire head of a former trust company that went into liquidation could be declared bankrupt this summer.

Edward Watkin Gittins was managing director and owner of Montpelier (Trust and Corporate) Services, which was wound up in 2020 after being accused of diverting millions of pounds of client money.

Last September, he told a court he owed almost a million pounds to royal Bank of Scotland, more than £20,000 to Manx Utilities, £180,000 in income tax and parking tickets worth £7,800 - but had a £7 million Island home.

Now, Montpelier liquidators have applied for him to be declared bankrupt with a hearing due to be held at Douglas Courthouse on June 17.