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Turkish-Cypriot tycoon Asil Nadir found guilty of theft
August 20, 2012 - 18:17 AMT
PanARMENIAN.Net - Turkish-Cypriot tycoon Asil Nadir, formerly one of
Britain's most notorious fugitives, was found guilty of three counts
of theft on Monday, August 20.
According to AFP, the jury at the Old Bailey in London was still
considering a further nine counts of theft after Nadir, one of the
highest-profile businessmen in Britain in the 1980s, denied stealing
£150 million ($235 million, 188 million euros) from his business
empire.
He was cleared of one count of theft.
Nadir was arrested in 1990 after his company Polly Peck International
went into administration with debts of £550 million, and he was
charged with more than 60 counts of theft.
Three years later, he fled for Turkish-controlled northern Cyprus,
which does not have an extradition treaty with Britain.
He returned to Britain two years ago in a dramatic bid to clear his name.
August 20, 2012 - 18:17 AMT
PanARMENIAN.Net - Turkish-Cypriot tycoon Asil Nadir, formerly one of
Britain's most notorious fugitives, was found guilty of three counts
of theft on Monday, August 20.
According to AFP, the jury at the Old Bailey in London was still
considering a further nine counts of theft after Nadir, one of the
highest-profile businessmen in Britain in the 1980s, denied stealing
£150 million ($235 million, 188 million euros) from his business
empire.
He was cleared of one count of theft.
Nadir was arrested in 1990 after his company Polly Peck International
went into administration with debts of £550 million, and he was
charged with more than 60 counts of theft.
Three years later, he fled for Turkish-controlled northern Cyprus,
which does not have an extradition treaty with Britain.
He returned to Britain two years ago in a dramatic bid to clear his name.