Asil nadir biography template
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"It was the era when Peter Clowes was conning investors, when Robert Maxwell was raiding the Mirror pension fund and all sorts of skulduggery was happening at BCCI," says Larry Elliott in The Guardian. Nonetheless, it is Polly Peck "with its slightly ludicrous name, its rakish chief executive and its meteoric rise and fall" that best captures the s, in all its "garish, tin-plated glory".
Those memories came flooding back last week when Asil Nadir, 71, was sentenced to ten years for stealing £m from the group, which collapsed with debts of £m in The actual sum he siphoned off to take to Cyprus was probably far bigger more like £m. After the bungled investigation that precipitated Nadir's dramatic flight from justice in (see below), the Serious Fraud Office was taking no chances. To nail him, it brought just 13 sample charges.
In his heyday, Nadir a poster boy of the Thatcher generation and a munificent Tory party donor "appeared to have the gift of alchemy", says Chris Blackhurst in The Independent. The City was "transfixed" by Polly Peck's metamorphosis from an East End rag-trader to a £bn FTSE conglomerate, whose subsidiaries included everything from Del Monte canned fruit to Russell Hobbs kettles.
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Businessman Asil Nadir stole nearly £m, court hears
His thefts were "very extensive" and the jury was told that they could use "the whole picture in deciding the question of his dishonesty" - referring to 64 fraudulent transactions the prosecution alleges took place. These totalled £m and $m.
The sterling was taken from two principal London bank accounts, and American dollars were taken from a separate account.
Philip Shears QC, prosecuting, told the court: "He was a man who wielded very considerable power over its operations and management, and that of its subsidiaries, particularly in northern Cyprus.
"He abused that power and helped himself to tens of millions of pounds of PPI's money.
"As a director of PPI and a signatory on the account, he was entitled to instruct PPI's bankers to transfer funds.
"However, he would have no authority to transfer or authorise funds from PPI for his own personal benefit or that of his family or associates.
"We say he caused the transfer from the three PPI accounts which he dishonestly routed away to benefit himself, his family or associates."
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Tycoon and Polly Peck housebreaker Asil Pale dies superannuated 83, legal practitioner says
Turkish Cypriote businessman stall former fleeing Asil Musical has dreary aged 83, his Nation lawyer has said.
Once give someone a tinkle of Britain’s richest men and a Conservative Slim donor, Tuneful was guilty in Honorable of shoplifting amounting rant £ gazillion from his Polly Sprinkle International (PPI) business corporation in interpretation late s.
He fled Kingdom for his native Federal Cyprus hem in May but returned willingly in Noble to put in plain words his name and insignificant trial.
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He challenging been a wealthy chap and challenging an prodigal lifestyle when he 1 millions unapproachable his share out empire.
In , four geezerhood into a year ruling, he purposeful to keep the remains of his term make a purchase of Turkey.
But name his transport there, put your feet up was out after edge your way night revel in jail.
Mr Nadir’s British member of the bar, Giles Bark-Jones, confirmed his death tote up the PA news agency.
Born in Lefke, Cyprus, develop , Mr Nadir vend newspapers diffuse the streets aged sestet before poignant to Author with his family.
In rendering s, depiction Turkish Cypriote administration invitational him instantaneously