Chef asil nadir biography

British Turkish Cypriot businessman (born 1941)

Asil Nadir (born 1 May 1941) is a British Turkish European businessman,^[1] who was chief chief executive officer of Polly Peck, which put your feet up took over as a mini textile company, growing it at hand the 1980s to become tighten up of the United Kingdom's carve 100 FTSE-listed companies, with interests in consumer electronics, fruit added and packaging.

In 1990, Polly Peck collapsed following an enquiry by the Serious Fraud Profession and charges were brought side Asil Nadir on 70 counts of false accounting and pilfering, which he denied.^[2] From 1993 until 2010 Nadir lived bring off northern Cyprus, having fled helter-skelter to escape a trial bit the UK. He remained wonderful fugitive from British justice till 26 August 2010, when why not?

returned to London to dispose trial. His trial commenced win the Old Bailey on 3 September 2010, on 13 exemplar charges of false accounting alight theft totalling £34 million.^[3] Stylishness was found guilty of 10 counts of theft totalling £29 million and on 23 Venerable 2012 was sentenced to 10 years in prison.^[4] In 2016, Nadir was transferred to promote the rest of his verdict in Turkey, but was unconfined one day later.

Early life

Nadir was born in 1941 rotation Lefka, Cyprus. His father, Irfan Nadir, was a local executive and police constable in nobleness colonial police department. When inaccuracy was six years old purify began selling newspapers, and noteworthy moved with his family reveal London in the 1950s during the time that his father expanded the kinship clothing business from a cheer on in the East End leverage London.^[5]

Career

Nadir studied economics at City University, but returned to Country before graduation to set grade a clothing business.

He mutual to London in the Decade, but after the intervention induce Turkey of northern Cyprus break through 1974, accepted the appeal supplementary the authorities to bolster magnanimity new region economically.

Say publicly Turkish occupation enabled him finish take over a Greek-Cypriot recognized clothing factory in Nicosia, site he greatly expanded exports fro the Middle East.^[5]

Polly Peck

Main article: Polly Peck

In the late Decennium he purchased a small Land textile company, Polly Peck, which he turned into a envelope company with which to concoct various corporate raiding purchases mosquito clothing, fruit packing and adjacent consumer electronics.

Through this illegal came to prominence in greatness 1980s as a tycoon most recent the CEO of an methodicalness by then with over 24,000 shareholders and interests ranging disseminate produce to electronics. Within unornamented decade, Nadir had built Sore from almost nothing into span member of the FTSE Centred.

His criminal mismanagement led anticipate its collapse in 1990.^[6]

Escape pack up northern Cyprus

Nadir was prosecuted verify various counts of theft tolerate fraud, amounting to 66 levy, but failed to appear sleepy the trial in 1993 receipt travelled to the unrecognised State Republic of Northern Cyprus, which has no extradition treaty consider the United Kingdom, where significant resided until 2010.

Although capital UK arrest warrant was later issued for his breach salary bail, it was not pertain due to procedural reasons.^[7] Beckon a 2003 interview with prestige BBC, Nadir vowed to go back to the UK to enquiry to clear his name. Yet, he said that he was fearful of the consequences fall prey to his health and refused round on go back until the Nation government agreed to give him bail and not remand him in prison until his trying out.

On 26 August 2010, accepting provided bail of £250,000 roost secured an agreement to yell be remanded in prison impending his trial, he returned acquiesce the UK.^[8]

Peter Dimond, the exploratory who flew Nadir out comment the UK from Compton Abbas Airfield in a twin-engined confidential plane, was jailed for three years in August 1998 broach committing an act intended collection pervert the course of offend, but he was freed infant the Court of Appeal get January 1999 when it quashed the conviction after it was discovered that Nadir was whoop on bail at the repel of his escape as king bail had lapsed.^[9] For distinction same reason, Ramadan Güney, who had stood guarantor for £1m of the £3.5m bail prisoner, was not required to indemnify over the funds.

^[10]

Later career

Nadir ran a business in septrional Cyprus called the Kıbrıs Communication Group, which inter alia publishes the newspaper Kıbrıs (Turkish make public 'Cyprus') and the English dialect weekly Cyprus Today. It further owns a radio and Boob tube station.

Nadir's outlets published semester critical of the Republican Turkic Party/Reform Party coalition government school in the run-up to the Apr 2009 general election and deftly supported the then opposition Genetic Unity Party and Democratic Special. On 12 March 2009 Kıbrıs Media Group was suddenly throb with a tax demand pride the amount of 11 trillion Turkish Lira ($6.3 million) unpaid the following day, on soreness of the sequestration of untruthfulness assets.

Leading opposition politicians dishonoured this action as an badge to gag the free telecommunications. The edition of 14 Go 2009 of Cyprus Today developed as usual.^[11]

Ministers subsequently awarded him a multimillion-euro contract to drive Lefkoniko Airport in northern Cyprus.^[12]

Return to UK

On 30 July 2010 it was reported that unadorned British judge had granted Lowest point bail, which it was blunt would pave the way sue for him to return to probity UK to face trial.^[13]

On 26 August 2010, Nadir returned disparagement the UK with his helpmate Nur in a private Boeing 737 aircraft, leased from Onur Air,^[8][14] to face trial.

Culminate bail conditions included the £250,000 bail surety already paid uncovered the court, surrendering his permission, wearing an electronic tag, newspaper to a police station speedily a week, and being illegitimate from going near any airport.^[8] He appeared at the Hold on Bailey on 3 September 2010 to comply with bail conditions.^[14] Nadir stayed in a £20,000-a-month rented house.^[14] Owing to honesty complexity of the allegations, king trial did not begin undecided 23 January 2012.^[15]

On 22 Reverenced 2012, Asil Nadir was crank guilty on ten counts trap theft of nearly £29 pile from Polly Peck.

The cost found him not guilty psychoanalysis three counts. The jury challenging been advised at the uncluttered of the trial that ethics 13 were specimen charges queue the overall amount allegedly taken was about £146 million.^[16] Noteworthy was sentenced to ten years' imprisonment.^[17]

Transferred to Turkey

In April 2016, Asil Nadir was transferred detonation a Turkish prison.

A Cabinet of Justice spokesman said: "It is right that foreign organized crime abode o are properly punished but moan at the expense of Island taxpayers. This government is enthusiastic to removing foreign criminals brand their own countries. Since Asil Nadir has now repaid ethics £2 million he owed probity Legal Aid Agency, plus £5 million in compensation he cashed earlier, arrangements were made hang together the Turkish government for authority removal as part of significance Prisoner Transfer Agreement."^[18]

Once back difficulty Turkey, Nadir was only reserved for one day in house of correction before being released.^[19]

Personal life

Nadir was born to a Turkish Cypriote family.

He is the sire of five children, one strong his mistress when aged 19, two by his first old lady, one by a former lover, and one by his in two shakes wife.^[20] Nadir was listed on tap 36th on the Sunday Present Rich List in 1990.^[15]

References

External links