RSS

Runaway Tycoon Asil Nadir Tells Jury


I left Britain a broken man with no hope, runaway tycoon Asil Nadir tells jury, asil nadir, bark & co

FORMER fugitive tycoon Asil Nadir told a court today that he fled Britain because he was a "broken man without hope".
Nadir said he could not see how he could get a fair trial on theft charges in 1993.
His offices had been raided, his papers seized and there was an allegation that an attempt had been made to bribe his trial judge.
Nadir, 71, said: "I was a totally broken man. My health was in tatters, my hope of a fair trial was in tatters, I had zero hope of receiving a fair trial."
Nadir was giving evidence at the Old Bailey where his trial for theft is in its fifth month.
The former head of Polly Peck International (PPI) is accused of siphoning off £150million from his business empire.
The company was put into administration in 1990 with debts of £550million.
Nadir, of Mayfair, central London, denies 13 specimen counts of theft amounting to £34million between 1987 and 1990.
He fled Britain for his native Northern Cyprus before he could be tried, returning voluntarily in August 2010.
The prosecution says his flight from the country for 17 years is evidence of dishonesty.
When administrators went to Northern Cyprus to recover assets, they found the money had vanished into a "black hole", it is alleged.
But Nadir told the 11 jurors that he was not guilty of theft, although he did not dispute the money was transferred out of Britain.
This, he said, was to get better exchange rates to boost the company's...