The former Polly Peck tycoon Asil Nadir has been found guilty of three counts of theft totalling £5.5m.The jury is still considering a further nine counts after being given a majority direction by the judge at the Old Bailey.
Polly Peck International was a FTSE 100 company and one of the success stories of the Thatcher era but it collapsed in 1990 with debts of £550m. The Serious Fraud Office then launched an investigation into Asil Nadir's finances in 1990.He was due to stand trial in 1993 but left for northern Cyprus returning to the UK in 2010 to face the charges against him.
The case is still continuing at the Old Bailey. I am Ann Salter thanks for watching. Stay tuned with us for the latest news and updates throughout the day at ibtimes.co.uk
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