Turkish Cypriot tycoon found guilty of theft | Europe

Update: 17:14, 20 August 2012 Monday

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Turkish Cypriot tycoon found guilty of theft

(EPA)

Nadir returned to London in 2010, saying he wanted to face trial and clear his reputation.

World Bulletin / News Desk

A British jury has found Turkish Cypriot tycoon Asil Nadir guilty of theft in relation to the collapse of his Polly Peck business empire.

The spectacular implosion of the once-successful Polly Peck was 1980s boom-and-bust story which embarrassed the ruling Conservative Party, to which he was a major donor.

It also made him a fugitive from British authorities after he skipped the country in 1993.

Nadir returned to London in 2010, saying he wanted to face trial and clear his reputation.

A jury at London's Central Criminal Court on Monday found him guilty of three counts of theft and not guilty of a fourth count.

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Nadir returned to London in 2010, saying he wanted to face trial and clear his reputation.

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