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James Stunt, 40, the ex-husband of F1 heiress Petra Ecclestone, is standing trial alongside seven other defendants accused of hiding funds at Bradford-based Fowler Oldfield.
The bombshell claim emerged during Stunt's £266million money laundering trial where he is in the dock at Leeds Cloth Hall Court with eight others.
The socialite, 40, spent 'astonishing' sums while married to Petra Ecclestone and turned to a criminal enterprise when the 'river of money was running dry with the break-up of their marriage.
James Stunt is one of eight defendants accused of money laundering at Leeds Cloth Hall Court by being involved in depositing 'criminal cash'.