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Frederic Barclay Billionaire Sir Frederic Barclay

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(Frederic Barclay)British Billionaire Sir Frederick Barclay has released CCTV footage that allegedly shows his nephew placing a bugging device in London's Ritz hotel, which the family co-owned until a deal was announced in March.

(Frederic Barclay)British Billionaire Sir Frederick Barclay has released CCTV footage that allegedly shows his nephew placing a bugging device in London’s Ritz hotel. which the family co-owned until a deal was announced in March.

“The decision to release this video of this deliberate and premeditated invasion of my privacy is in the public interest,”

Barclay said in a statement. Why Barclay believes he is being spied on goes to the heart of a feud in one of the U.K.’s richest families.

The sale of the Ritz earlier this year shed light on this family falling out.Sir Frederick said that he would sue other members of the family if the hotel were sold for anything less than £1 billion ($1.2 billion). However. sources close to the deal said the vast London landmark was sold for well under that.

Sir Frederick bought the Ritz with his twin brother, Sir David Barclay in 1995. It is one of a number of businesses that made them billionaires {others include the Telegraph Newspaper Group and UK e-retailer Very Group}.

Frederic Barclay

Sir Frederick and his daughter Amanda Barclay. who owns 25% of the family trust. filed a case against Sir David’s sons Alistair, Aidan and Howard, Aidan’s son Andrew, and Philip Peters for invasion of privacy. It is Alistair Barclay whom the video is alleged to show placing the bugging device in the Ritz hotel’s conservatory.

Frederic Barclay At the time the recordings were made

Sir Frederick believes he was on the cusp of a £1 billion-plus ($1.2 billion-plus) deal to sell the Ritz to a Saudi Arabian investor. court documents show.

“Despite this. the defendants sold the Ritz hotel to another buyer from Qatar at a price that appears to be for half the market price. One is left to speculate why,” Hefin Rees QC. representing Sir Frederick and Amanda. told London’s High Court.

He added that the recordings “.captured over 1.000 separate conversations over a period of months” and that a separate WiFi bug was also used.

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