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Asil Nadir to be sentenced for £29m Polly Peck thefts Asil Nadir facing jail for £29m Polly Peck thefts
(about 6 hours later)
Ex-tycoon Asil Nadir will be sentenced later after being found guilty of 10 charges involving the theft of nearly £29m from his Polly Peck empire.Ex-tycoon Asil Nadir will be sentenced later after being found guilty of 10 charges involving the theft of nearly £29m from his Polly Peck empire.
Polly Peck International, once a major UK company, collapsed in 1990 after a Serious Fraud Office investigation.Polly Peck International, once a major UK company, collapsed in 1990 after a Serious Fraud Office investigation.
Nadir, 71, who was cleared of three charges, fled the UK in 1993 while awaiting trial, but returned in 2010.Nadir, 71, who was cleared of three charges, fled the UK in 1993 while awaiting trial, but returned in 2010.
The seven-month, Old Bailey trial ended on Wednesday. Nadir's wife said he would appeal against his convictions. Six jurors have returned to hear Nadir being sentenced and his wife Nur, 28, has sat by herself near the dock.
The seven-month trial at the Old Bailey ended on Wednesday and the sentencing hearing has now begun.
Mrs Nadir has said her husband would appeal against his convictions.
After fleeing the UK, Nadir remained a fugitive in northern Cyprus until two years ago.After fleeing the UK, Nadir remained a fugitive in northern Cyprus until two years ago.
The Turkish-controlled territory is not recognised as a state and has no extradition treaty with the UK.The Turkish-controlled territory is not recognised as a state and has no extradition treaty with the UK.
He was remanded in custody by Mr Justice Holroyde on Monday after the first of his convictions, and is understood to have been held at Belmarsh prison in south-east London.He was remanded in custody by Mr Justice Holroyde on Monday after the first of his convictions, and is understood to have been held at Belmarsh prison in south-east London.
In the witness box at his trial he claimed he had not believed he would get a fair trial in the early 1990s but had decided to return in an attempt to clear his name.In the witness box at his trial he claimed he had not believed he would get a fair trial in the early 1990s but had decided to return in an attempt to clear his name.
As he was led away on Wednesday, his 28-year-old wife, Nur, stood on tiptoes to say goodbye to him in the dock.As he was led away on Wednesday, his 28-year-old wife, Nur, stood on tiptoes to say goodbye to him in the dock.
Afterwards she said: "A guilty man does not come back to face justice of his own accord.Afterwards she said: "A guilty man does not come back to face justice of his own accord.
"My husband came back voluntarily. Polly Peck was his life. He wants justice for himself and for the tens of thousands of shareholders and employees.""My husband came back voluntarily. Polly Peck was his life. He wants justice for himself and for the tens of thousands of shareholders and employees."