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Asil Nadir's conviction triggers calls for Tories to return donation
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| Contributor | New Jerusalem |
| Last Edited | New Jerusalem Aug 23, 2012 01:55pm |
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| Category | News |
| Author | The Guardian |
| Media | Newspaper - Guardian |
| News Date | Thursday, August 23, 2012 07:55:00 PM UTC0:0 |
| Description | The Conservative party is under pressure to return a large donation from Asil Nadir's business empire after the disgraced tycoon was convicted of the theft of nearly £29m.
Nadir, who will be sentenced on Thursday, could face 14 years in jail. A jury at the Old Bailey on Wednesday found him guilty on a further seven counts, to add to the three guilty verdicts they reached on Monday, concluding that he had plundered Polly Peck of £28.6m between 1987 and 1990 – the equivalent of £61.8m today.
The conclusion of his trial prompted immediate calls for the Tories to return £440,000 received from Nadir's collapsed Polly Peck company – a demand the Tories indicated they would reject.
Nadir's conviction will be seen as a rare triumph for the Serious Fraud Office which has pursued Nadir for 22 years.
The 71-year-old former financier was one of Britain's most prominent businessmen in the 1980s, only to become one of the country's most prominent fugitives from justice when he fled Britain for northern Cyprus in 1993.
Known as The Man from Del Monte after buying the fruit canning company, he returned to London two years ago to face allegations that he had stolen money from the conglomerate he controlled.
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