World Bulletin / News Desk
Businessman Asil Nadir was jailed for 10 years on Thursday for stealing millions from his British business empire, ending a 22-year case.
The 71-year-old Turkish Cypriot was convicted of stealing 29 million pounds ($45.83 million) from Polly Peck, an ailing textiles company which he transformed into one of the most successful British firms of the 1980s.
The company collapsed in 1990 when British officials began a fraud investigation. Nadir was arrested but after being released on bail fled the country in a private plane to live in northern Cyprus, where he was beyond the reach of British law.
Driven by a burning sense of injustice, Nadir returned to London in 2010 to clear his name after 17 years on the run.
But his hope failed when a jury at the Old Bailey court found him guilty of 10 out of 13 charges of theft.
"The company's money was not your money. You knew that. You nonetheless helped yourself to it. You committed theft on a grand scale," judge Tim Holroyde told Nadir, according to the Press Association.
"My husband is innocent," his wife said outside court, her voice cracking with emotion. "We will continue with our efforts to rectify the wrongs," his wife Nur, 28, said.
Nadir admitted taking money from Polly Peck, but said he always balanced the books by paying money into other parts of the business.
Nadir must serve half of the 10-year term before being considered for parole.
After being sentenced, Nadir turned to wife, smiled and said goodbye. ($1 = 0.6328 British pounds)
Kindergarten has turned into orphanage after becoming home to tens of children who lost one or both parents in Syria's civil war
Some 10,000 Somali refugees living in eastern Kenya's Dadaab refugee camp are expected to be repatriated within six months
Human rights groups send open letter to president over prosecution of father accusing soldiers of shooting 14-year-old
Hamas spokesman Sami Abu Zuhri said reports that Saudi Arabia had called certain Hamas officials to voice its displeasure with the visit were unfounded
Parliament urged the government to expedite the process of tabling electoral reforms as lack of quorum derails debates.
28,000 soldiers will be used to secure polling stations while another 8,000 will be deployed for emergency reaction.
Twin bombs in Yemen's western city of Al-Hudaydah resulted in the death of an unconfirmed amount of people and scores were of people were injured.
Conviction against Huugjilt, 18, overturned almost 2 decades after execution for crime which serial rapist confessed to in 2005.
The Egyptian army said Thursday that it had killed nine "terrorists" and arrested 12 others within the past two days in the northeastern Sinai Peninsula.
Some Jewish organizations had called on settlers to storm the Al-Aqsa compound, especially on Sunday and Monday, according to the Palestinian NGO.
The United Nations launched its biggest ever humanitarian appeal for Syria on Thursday, seeking $8.4 billion after only securing about half the funding it asked for in 2014.
The union said that cabinet ministers in the Palestinian unity government had promised the cleaners that it would work on resolving their grievances within the next two weeks
Bosnia lifts visa requirements for citizens of 10 countries, bringing total number to 72.
European Union foreign policy chief Federica Mogherini urged Russian President Vladimir Putin on Thursday to radically change his attitude to the rest of the world and be more cooperative.
European Union has 'shot itself in the foot' by isolating Palestinian group, says analyst.
Cheyney's fiscal problems - students who are unable to repay debt and increasing pension costs - were exacerbated by cutbacks in state higher education funding.