Asil Nadir
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Asil Nadir convicted of 10 Polly Peck thefts

Former tycoon Asil Nadir has been found guilty of a total of 10 charges involving the theft of millions of pounds from his Polly Peck empire.

An Old Bailey jury convicted Nadir, 71, of 10 thefts from the former conglomerate totalling £29m and cleared him of three charges.

Polly Peck International, once a major UK company, collapsed in 1990 after a Serious Fraud Office investigation.

Sentencing will take place on Thursday but his wife said he planned to appeal.

The BBC's Clive Coleman reports.

  • 22 Aug 2012
  • From the section UK