turkishcypriot tycoon nadir jailed for 10 years in uk
Last Updated : GMT 06:49:16
Arab Today, arab today
Arab Today, arab today
Last Updated : GMT 06:49:16
Arab Today, arab today

Turkish-Cypriot tycoon Nadir jailed for 10 years in UK

Arab Today, arab today

Arab Today, arab today Turkish-Cypriot tycoon Nadir jailed for 10 years in UK

London - AFP

Turkish-Cypriot tycoon Asil Nadir, once one of Britain's most notorious fugitives, was jailed for ten years on Thursday for stealing millions of pounds from his international business empire. Flamboyant Nadir, 71, was convicted in London this week of ten charges of theft from his now-defunct conglomerate, Polly Peck International. Nadir's thefts totalled £28.8 million, the equivalent of more than £61.6 million ($97.8 million, 77.9 million euros) in today's terms. "You were a wealthy man who stole out of pure greed," Judge Tim Holroyde told Nadir at London's Old Bailey court. The judge said Nadir would be eligible for release after serving half of his prison sentence. Nadir's 28-year-old wife Nur said outside the court: "My husband is innocent and, having faith in the British justice system, we will continue with our efforts to rectify the wrongs." Nadir was arrested when Polly Peck collapsed in 1990 with debts of £550 million. He was one of the most prominent businessmen in Britain in the 1980s and early 1990s after building up Polly Peck from a small textile firm into a sprawling company with interests ranging from fruit to electronics. He fled in May 1993 to the breakaway Turkish Republic of Northern Cyprus (TRNC), which is recognised only by Turkey and does not have an extradition treaty with Britain. Most of Polly Peck's business was based in Turkey and the TNRC. Nadir returned to Britain voluntarily in August 2010 in a dramatic bid to clear his name after 17 years as a fugitive. His defence lawyer Philip Hackett told the court he had returned despite having heart disease and asked the judge to give Nadir credit for the 720 days he had been electronically tagged. A hearing will be held on September 27 to decide on the amount of compensation and interest Nadir will pay to Polly Peck's administrators. The judge will also have to decide on ordering him to pay prosecution costs of £2.5 million, and repaying his legal aid costs.

arabstoday
arabstoday

Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

turkishcypriot tycoon nadir jailed for 10 years in uk turkishcypriot tycoon nadir jailed for 10 years in uk

 



Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

turkishcypriot tycoon nadir jailed for 10 years in uk turkishcypriot tycoon nadir jailed for 10 years in uk

 



GMT 09:52 2017 Friday ,14 April

Bahrain to host cybersecurity forum/expo 2017

GMT 08:50 2017 Saturday ,22 April

In or out? EU is hot-button issue in French vote

GMT 20:12 2017 Sunday ,03 September

FM meets US Congress delegation

GMT 10:32 2017 Sunday ,04 June

Water shortage in parts of Muscat

GMT 22:59 2017 Tuesday ,10 October

US will welcome target of 10,000 Syria refugees

GMT 19:45 2017 Wednesday ,11 October

Etihad Airways to launch flights to Azerbaijan
Arab Today, arab today
 
 Arab Today Facebook,arab today facebook  Arab Today Twitter,arab today twitter Arab Today Rss,arab today rss  Arab Today Youtube,arab today youtube  Arab Today Youtube,arab today youtube

Maintained and developed by Arabs Today Group SAL.
All rights reserved to Arab Today Media Group 2021 ©

Maintained and developed by Arabs Today Group SAL.
All rights reserved to Arab Today Media Group 2021 ©

arabstoday arabstoday arabstoday arabstoday
arabstoday arabstoday arabstoday
arabstoday
بناية النخيل - رأس النبع _ خلف السفارة الفرنسية _بيروت - لبنان
arabstoday, Arabstoday, Arabstoday