UK frees Asil Nadir from custody

Tycoon Asil Nadir was freed after being briefly held by police who initially suspected he had breached bail conditions.

UK frees Asil Nadir from custody

Tycoon Asil Nadir, who returned to Britain this year to stand trial on theft and fraud charges, was freed on Saturday after being briefly held by police who initially suspected he had breached bail conditions.

"He's been released with no further action to be taken (against him)," a Metropolitan police spokesman said.

The 69-year-old businessman, who once ran the Polly Peck empire, was arrested at his house in the exclusive Mayfair district of central London. Police would not say whether a mistake had been made, but Nadir said officers had apologised.

"Well, unfortunately I've been a victim of an unlawful arrest today claiming that I had broken my bail conditions: That was not the case," he told waiting reporters as he left custody.

"I'm hoping that this sort of unlawful behaviour, as I've claimed for many years, should not take place in this country."

Now awaiting trial, he is under strict bail conditions that include a midnight to 6 a.m. curfew, reporting to a police station once a week and wearing an electronic tag. He has also surrendered his passport.

The Turkish Cypriot businessman, who was a big donor to Britain's Conservative Party, voluntarily returned in August from his home in northern Cyprus in a bid to clear his name.

He is due to stand trial, possibly in October 2011, on charges linked to the failure of his Polly Peck fruit-to-electronics group, which folded in 1990 with debts of 1.3 billion pounds, one of Britain's biggest business failures.

Nadir had transformed the business during the 1980s from an ailing textiles firm into a conglomerate that included the Del Monte fruit business and Japan's Sansui electronics firm.

Reuters

Last Mod: 05 Aralık 2010, 13:13
Add Comment