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