Asil Nadir sentenced to 10 years in prison
The businessman who fled the UK 17 years ago was convicted of “theft on a grand scale”
Asil Nadir, former Polly Peck International boss, was sentenced to 10 years in prison on Thursday at the Old Bailey for “theft on a grand scale”.
Nadir, aged 71, was found guilty of “theft on a grand scale” by a jury of 10 on Wednesday after a trial lasting seven months. Mr Justice Holroyde said the convicted entrepreneur showed no remorse for his crimes.
Nadir fled the UK 17 years ago to Northern Cyprus, which doesn’t have an extradition treaty with the UK, after PPI collapsed in 1990.
Nadir will serve two lots of five years' imprisonment on 10 counts of theft, totalling 10 years imprisonment. The Turkish-Cypriot native and former Tory donor will have to serve half of his sentence before he will be released on licence for the remainder of the total term.
The 10 counts on which he was convicted totalling £28.6 million would today represent more than £60 million, said the Serious Fraud Office, which prosecuted the case.
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