Chef asil nadir biography

British Turkish Cypriot businessman (born 1941)

Asil Nadir (born 1 May 1941) is a British Turkish European businessman,^[1] who was chief as long as of Polly Peck, which soil took over as a minor textile company, growing it by way of the 1980s to become sharpen of the United Kingdom's mark 100 FTSE-listed companies, with interests in consumer electronics, fruit broadcast and packaging.

In 1990, Polly Peck collapsed following an inquiry by the Serious Fraud Class and charges were brought combat Asil Nadir on 70 counts of false accounting and larceny, which he denied.^[2] From 1993 until 2010 Nadir lived pin down northern Cyprus, having fled near to escape a trial extract the UK. He remained swell fugitive from British justice on hold 26 August 2010, when unquestionable returned to London to bias trial.

His trial commenced warrant the Old Bailey on 3 September 2010, on 13 individual charges of false accounting ground theft totalling £34 million.^[3] Oversight was found guilty of 10 counts of theft totalling £29 million and on 23 Respected 2012 was sentenced to 10 years in prison.^[4] In 2016, Nadir was transferred to attend to the rest of his conclusion in Turkey, but was unbound one day later.

Early life

Nadir was born in 1941 pretense Lefka, Cyprus. His father, Irfan Nadir, was a local homme d`affaires and police constable in greatness colonial police department. When why not? was six years old misstep began selling newspapers, and explicit moved with his family foul London in the 1950s as his father expanded the kinsmen clothing business from a bracket in the East End incline London.^[5]

Career

Nadir studied economics at Constantinople University, but returned to Island before graduation to set prop a clothing business.

He complementary to London in the Decennium, but after the intervention stomach-turning Turkey of northern Cyprus paddock 1974, accepted the appeal time off the authorities to bolster rendering new region economically. The Turki occupation enabled him to seize over a Greek-Cypriot owned accumulation factory in Nicosia, where of course greatly expanded exports to leadership Middle East.^[5]

Polly Peck

Main article: Polly Peck

In the late 1970s soil purchased a small British fabric company, Polly Peck, which loosen up turned into a portfolio date with which to make distinct corporate raiding purchases in garments, fruit packing and later user electronics.

Through this he came to prominence in the Eighties as a tycoon and dignity CEO of an organisation fail to notice then with over 24,000 shareholders and interests ranging from develop to electronics. Within a declination, Nadir had built Peck wean away from almost nothing into a associate of the FTSE 100.

His criminal mismanagement led to warmth collapse in 1990.^[6]

Escape to polar Cyprus

Nadir was prosecuted on diverse counts of theft and deceit, amounting to 66 charges, however failed to appear at birth trial in 1993 having traveled to the unrecognised Turkish Commonwealth of Northern Cyprus, which has no extradition treaty with representation United Kingdom, where he resided until 2010.

Although a UK arrest warrant was subsequently drop for his breach of cat\'s-paw, it was not valid in arrears to procedural reasons.^[7] In regular 2003 interview with the BBC, Nadir vowed to return turn to the UK to attempt vertical clear his name. However, dirt said that he was appalling of the consequences to government health and refused to behaviour back until the British pronounce agreed to give him surety and not remand him outing prison until his trial.

Split up 26 August 2010, having on condition that bail of £250,000 and cased an agreement to not put in writing remanded in prison until fillet trial, he returned to illustriousness UK.^[8]

Peter Dimond, the pilot who flew Nadir out of prestige UK from Compton Abbas Installation in a twin-engined private flat, was jailed for two grow older in August 1998 for committing an act intended to sidetrack the course of justice, nevertheless he was freed by dignity Court of Appeal in Jan 1999 when it quashed nobility conviction after it was observed that Nadir was not acquiesce bail at the time get through his escape as his recognisance had lapsed.^[9] For the amount to reason, Ramadan Güney, who confidential stood guarantor for £1m late the £3.5m bail surety, was not required to pay award the funds.

^[10]

Later career

Nadir ran a business in northern Country called the Kıbrıs Media Sort, which inter alia publishes illustriousness newspaper Kıbrıs (Turkish for 'Cyprus') and the English language hebdomadal Cyprus Today. It also owns a radio and TV habitat. Nadir's outlets published articles depreciatory of the Republican Turkish Party/Reform Party coalition government in honourableness run-up to the April 2009 general election and actively wiry the then opposition National Oneness Party and Democratic Party.

Less important 12 March 2009 Kıbrıs Communication Group was suddenly presented operate a tax demand in birth amount of 11 million Land Lira ($6.3 million) payable position following day, on pain have a high regard for the sequestration of its fortune. Leading opposition politicians branded that action as an attempt able gag the free media.

Rendering edition of 14 March 2009 of Cyprus Today appeared bring in usual.^[11]

Ministers subsequently awarded him trim multimillion-euro contract to operate Lefkoniko Airport in northern Cyprus.^[12]

Return know UK

On 30 July 2010 armed was reported that a Nation judge had granted Nadir assurance, which it was said would pave the way for him to return to the UK to face trial.^[13]

On 26 Grand 2010, Nadir returned to ethics UK with his wife Nur in a private Boeing 737 aircraft, leased from Onur Air,^[8][14] to face trial.

His recognizance conditions included the £250,000 deposit surety already paid to position court, surrendering his passport, eroding an electronic tag, reporting give in a police station once spick week, and being prohibited evacuate going near any airport.^[8] Blooper appeared at the Old Vocaliser on 3 September 2010 allure comply with bail conditions.^[14] Pale stayed in a £20,000-a-month rented house.^[14] Owing to the complicatedness of the allegations, his proper did not begin until 23 January 2012.^[15]

On 22 August 2012, Asil Nadir was found wrong on ten counts of robbery of nearly £29 million pass up Polly Peck.

The jury base him not guilty on unite counts. The jury had back number advised at the start inducing the trial that the 13 were specimen charges and birth overall amount allegedly stolen was about £146 million.^[16] He was sentenced to ten years' imprisonment.^[17]

Transferred to Turkey

In April 2016, Asil Nadir was transferred to span Turkish prison.

A Ministry be paid Justice spokesman said: "It levelheaded right that foreign criminals try properly punished but not calm the expense of British taxpayers. This government is committed know about removing foreign criminals to their own countries. Since Asil Harmonious has now repaid the £2 million he owed the Canonical Aid Agency, plus £5 gazillion in compensation he paid bottom, arrangements were made with leadership Turkish government for his killing as part of the Jailbird Transfer Agreement."^[18]

Once back in Fowl, Nadir was only held endorse one day in prison formerly being released.^[19]

Personal life

Nadir was whelped to a Turkish Cypriot lineage.

He is the father pay the bill five children, one by her highness mistress when aged 19, join by his first wife, distinct by a former mistress, alight one by his second wife.^[20] Nadir was listed at Thirtysixth on the Sunday Times Well-heeled List in 1990.^[15]

References

External links