Asil Nadir told: pay £5m or stay in jail for six more years

Disgraced tycoon who stole £29m from his Polly Peck business empire ordered to make the payment or serve longer sentenceAsil Nadir has been ordered to pay back £5m of the £29m he stole from his Polly Peck business empire or serve an extra six years in prison.Nadir, 71, who had been Britain’s most famous fugitive […]
Continue reading…

Enjoyed this post? Share it!

 
 

SFO decides not to pursue Tory party for £365,000 donated by Asil Nadir

Money allegedly stolen from Polly Peck by Nadir was paid into Conservative party coffers more than 22 years agoThe Serious Fraud Office has decided against pursuing the Conservative party for the return of cheques totalling £365,000 allegedly stolen from the company Polly Peck by fraudster Asil Nadir and paid into party coffers more than 22 […]
Continue reading…

Enjoyed this post? Share it!

 
 

Asil Nadir tells court: I’m broke

Tycoon jailed for stealing £29m from failed Polly Peck empire tells compensation hearing he has no assetsThe fallen business tycoon Asil Nadir, who spent 17 years as a fugitive in apparent luxury in northern Cyprus before returning to the UK and being jailed last month for stealing £29m from his failed Polly Peck empire, has […]
Continue reading…

Enjoyed this post? Share it!

 
 

Asil Nadir, Polly Peck and the headless chickens

When a tabloid reporter was sent on a covert assignment to Northern Cyprus nearly 20 years ago he stumbled on a great story about financial corruption, violence and decapitated birds. Finally he can tell itAlmost 20 years ago, when I was a young(ish) reporter on A Certain Tabloid Newspaper, I received one of the more curious of […]
Continue reading…

Enjoyed this post? Share it!

 
 

After Asil Nadir, a chastened City must help fund the Serious Fraud Office

The Polly Peck boss is another charming financial-sector rogue exposed by the underfinanced SFO. The Square Mile has a clear interest in its survival and successAsil Nadir is marking the end of his first weekend at Her Majesty’s pleasure in Belmarsh prison. It is the first of 260 weekends the 71-year-old must spend behind bars […]
Continue reading…

Enjoyed this post? Share it!

 
 

Asil Nadir jailed for 10 years for Polly Peck theft

Former CEO of failed conglomerate sentenced to 10 years at Old Bailey for stealing £29m from his own companyAsil Nadir has been sentenced to 10 years in prison for stealing £29m from his Polly Peck empire.Before sentencing at the Old Bailey, the judge, Mr Justice Holroyde, who has overseen the seven-month trial, said it was […]
Continue reading…

Enjoyed this post? Share it!

 
 

Asil Nadir’s conviction triggers calls for Tories to return donation

Polly Peck boss is found guilty of £29m theft but party indicates it will not return the £440,000 received from collapsed companyThe Conservative party is under pressure to return a large donation from Asil Nadir’s business empire after the disgraced tycoon was convicted of the theft of nearly £29m.Nadir, who will be sentenced on Thursday, […]
Continue reading…

Enjoyed this post? Share it!

 
 

Polly Peck: the South Sea Company of the 1980s

Asil Nadir’s firm conjures up memories of decade when investors wanted piece of the action without caring what the business didAsil Nadir’s Polly Peck International was the company that captured the 1980s in all its garish, tin-plated glory. Every boom throws up a rogue’s gallery of financial villains to provide living proof of Warren Buffett’s […]
Continue reading…

Enjoyed this post? Share it!