Where is Asil Nadir now?
Nadir was sentenced to 10 years in prison. After paying £5m compensation and repaying £2m in legal aid, he was transferred to a Turkish prison in April 2016 and released a day later. Now aged 77, he is back living in northern Cyprus.
Who owned Polly Peck?
Asil Nadir Asil Nadir built PPI out of very little. His rise and rise in the 1980s began with a remarkably astute investment in a small textile company, then simply called Polly Peck. He used the company as a vehicle to build a trading empire across Europe – adding "International" to its name along the way.
Is Asil Nadir still in jail?
The disgraced tycoon Asil Nadir has been released after spending just one night in a Turkish prison following his deportation from Britain.
Is Asil Nadir out of jail?
Turkish Cypriot businessman Asil Nadir, jailed in Britain in 2012 for stealing millions from his business empire, has been released in Turkey following a night in jail after he returned there to complete his sentence.
Why did Polly Peck fail?
On 20 September 1990, the Serious Fraud Office (SFO) raided South Audley Management, the company that controlled the Nadir family interests. The raid triggered a run on Polly Peck shares. Trading in the company's shares was suspended that day. PPI's problems became apparent from the structure of the group's debts.
