SEAN CONNERY - CONNERY CLEARED OVER LOAN ALLEGATIONS

CONNERY CLEARED OVER LOAN ALLEGATIONS

Veteran actor SIR SEAN CONNERY has been cleared of allegations he made millions of dollars in profit from a loan deal struck with a late friend.
The former James Bond star was accused of loaning businessman Jean-René Canela $4 million (£2.8 million) and then selling off the assets provided as security on the loan for a huge profit, when Canela could not make the repayments.
The businessman died of cancer in 2002, but his son Christian began legal proceedings earlier this month (Mar09) - claiming Connery had sold off a portfolio of shares, property and gems worth $10 million (£7 million), which would now be worth $50 million (£35 million), giving the actor far more than his original investment.
Reports surfaced last week (02Mar09) that Connery had been summoned to give evidence at a court in Switzerland as part of the case.
But judges in Geneva, Switzerland ruled on Tuesday (17Mar09) that there was no case for Connery to answer.
The star's agent Nancy Seltzer says, "I am pleased to announce the Tribunal of First Instance of the Republique and Canton of Geneva has entirely found in favour of Sir Sean and Lady Connery and has declared the demand the petition of the son of Jean-René Canela totally inadmissible."