A FORMER multi- millionaire stole ?4,500 worth of designer handbags from his sister after she refused to move out of his home. Stephen Humberstone, 51, allowed Jane Roshan to live at Loddon Manor, a ?.5million house in Wargrave, with her boyfriend rent free. When the recession hit, he found himself in financial difficulties and his bank sought to repossess the five-bedroom property but Miss Roshan refused to move out. In August last year, Humberstone let himself into the house and stole three of his sister’s Hermes handbags in an act of revenge, Reading Crown Court heard. Miss Roshan claimed she was entitled to remain at the house while it was on the market but this delayed the sale, resulting in the property failing to reach the asking price. Property developer Humberstone had to sell another of his homes and was later declared bankrupt. Jacqueline Carey, defending, said the case was the result of an “unedifying, spiteful family dispute”. The court heard that until the rift Humberstone had been very generous towards his sister, buying her presents, including the bags, paying her credit card bills and funding her “extravagant” lifestyle.Humberstone, who admitted one count of theft, arrived at the court carrying the stolen bags and told police he wanted them returned to his sister. One was a Kelly bag, named after Grace Kelly and worth ?,500, and the other two were Birkin bags, named after actress Jane Birkin and worth ?,000 each. They were impounded as they could now be the property of the Official Receiver. Humberstone, who lives in north London, went to Harrow School with Sir Mark Thatcher, son of the former Prime Minister. In 2008, he was involved in a dispute with Mr Thatcher over ?6,000 in alleged unpaid rent on a Spanish villa Humberstone owned. He will be sentenced on April 7.