UK rejects Cyprus tycoon's bid to serve jail term in Turkey

A bid by Turkish Cypriot tycoon Asil Nadir to be transferred to a Turkish jail was rejected by a UK court, the British media reported on Friday.

UK rejects Cyprus tycoon's bid to serve jail term in Turkey

A bid by Turkish Cypriot tycoon Asil Nadir, who built one of the most successful businesses in Britain in the 1980s before fleeing the country after his firm's collapse, to be transferred to a Turkish jail was rejected by a UK court, the British media reported on Friday.

Nadir is currently serving a 10-year sentence in Belmarsh Prison in southeast London for fraud and the theft of more than 30 million pounds from his former Polly Peck empire.

British paper The Times reported that UK Justice Secretary Chris Grayling had rejected a request from Nadir, 71, because he feared that he would not serve the sentence handed down by the British courts on his return to Turkey. Nadir, who spent 17 years as a fugitive, was accused of stealing from the Polly Peck empire he transformed from a small textiles firm into the darling of the City of London.

A jury at London's Old Bailey court found him guilty of three theft charges in August last year. Polly Peck's demise was one of Britain's biggest corporate failures and was a huge embarrassment to the Conservative Party -- which is now the senior partner in a two-party coalition government -- since it had received donations from Nadir.

Nadir argued that the Serious Fraud Office had treated him unjustly. He did not deny transferring money between Polly Peck accounts but argued that he had always balanced the books by paying money into other parts of the company. Last year's verdict was a major setback to Nadir, who returned to Britain in 2010, promising to clear his name. The maximum sentence for theft is seven years in prison.

Cihan

Güncelleme Tarihi: 01 Haziran 2013, 14:11
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