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Europe

Updating: 17:14, 20 Augustos 2012 Monday
Turkish Cypriot tycoon found guilty of theft
(EPA)

Turkish Cypriot tycoon found guilty of theft
Nadir returned to London in 2010, saying he wanted to face trial and clear his reputation.

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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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