Cyprus-Forum.com

[denizaksulu]

He got bail;

http://www.bbc.co.uk/news/uk-10819293


Fugitive Polly Peck boss Asil Nadir seeks bail
Continue reading the main story

Profile: Asil Nadir
A High Court judge is due to hear submissions on behalf of fugitive tycoon Asil Nadir about the possibility of being granted bail in the UK.

Mr Nadir, 69, fled to northern Cyprus in 1993 to avoid a £34m fraud trial centring on the collapse of his Polly Peck business empire.

Mr Nadir, who has denied any wrongdoing, faces 66 counts of theft.

Last month he indicated he would stand trial in the UK if it was guaranteed he would not be remanded in custody.

Case listed
The Serious Fraud Office (SFO), which is the prosecuting authority in the case, said it would support a bail application as long as conditions were attached.

The SFO said if Mr Nadir did return from northern Cyprus, which has no extradition treaty with the UK, he would be put on trial.

The case is listed to be dealt with at the Old Bailey by Mr Justice Bean.

It is understood the hearing is a preliminary one which will involve legal submissions from both sides ahead of any formal bail application.

Mr Nadir's Polly Peck empire included business interests as diverse as electronics, fruit and hotels.

He built it up from a small firm making cardboard boxes to one of the world's biggest distributors of fresh food, including the Del Monte brand.

The company was one of the fastest growing on the London stock market in the 1980s, with some shareholders seeing returns 1,000 times greater than their original investment.

In the summer of 1990 Mr Nadir was named 36th in the Sunday Times Rich List. Just weeks later Polly Peck's share price plunged after the SFO raided a company linked to the tycoon and the firm collapsed in 1991.

[IMPOSTALIEDUS]

The question still is, why he is he going back at this moment in time,he is not being forced, the trnc have said it is nothing to do with them, that its a private matter, guilty or not it makes no sense ,

[bill cobbett]

The question still is, why he is he going back at this moment in time,he is not being forced, the trnc have said it is nothing to do with them, that its a private matter, guilty or not it makes no sense ,

Not sure about it I, but would like to hear others on another question...

Was Basil a bit of a maverick, a bit of a thorn in the side of the Regime???

[bill cobbett]

Here's a good deal more info on the bail conditions. This from the GB Daily Mail site...

Fugitive tycoon Asil Nadir was called 'extremely lucky' by a judge today as he was given bail, paving the way for him to return to the UK to stand trial.
He fled 17 years ago to avoid a £34m fraud trial but now wants to return to clear his name of the theft allegations surrounding the collapse of his Polly Peck business empire.
However, former Conservative Party donor Nadir, 69, had said he would not risk returning without assurances that he will not be jailed while he waits for his case to be heard and asked his lawyers to apply for bail.
Yesterday William Clegg QC, representing Nadir, argued that granting bail would provide a 'a sensible and pragmatic solution' in the case and 'facilitate' his return to stand trial.
The Old Bailey heard that the Serious Fraud Office had agreed not to oppose granting of bail if stringent conditions were imposed.
But Victor Temple QC, prosecuting, said Nadir should not use the court as a 'bargaining chamber' and the bail application should be adjourned until he returned to this country and could be present at the hearing.
The judge, Mr Justice Bean, said it was 'unusual' for a bail application to be made when the defendant is out of the country. But he granted bail saying he hoped it would end the 'legal limbo' which has existed since Nadir fled Britain for Northern Cyprus, which does not have an extradition agreement with the UK.
Ten conditions on bail were imposed, including a requirement that Nadir must be at the Old Bailey for a hearing on September 3, must pay £250,000 surety to the court before his return to this country and be electronically tagged within eight hours of his arrival.

Luxury bolthole: Nadir, seen here in 1993, claims there was an abuse of process in his original fraud trial - which he fled the country to escape
Afterwards, Nadir told the Mail: 'It’s good news. It’s a very good first step. I’m more hopeful that we’ll have some fair play than I have been in the last 20 years.'
Asked if he will go back for September 3, he replied: 'Obviously. I’ve been battling for this for all these years. It’s what I’ve been fighting for.'
Nadir, who jumped £3.5million bail and fled to his native Cyprus in 1993 as his trial approached, claims he was facing false charges and a serious injustice.
He has said he wants to come back to Britain to argue that there was an abuse of process in the case brought against him by the Serious Fraud Office, meaning he could never receive a fair trial.
Yesterday the judge also quashed an arrest warrant for Nadir issued shortly after he fled after hearing that that it was issued on the misapprehension that he was on bail at that time - when technically he was not.


End of an empire: Nadir arriving at court in 1991, and the sale of his fleet of cars the same year, including a Ferrari and Rolls-Royce, as a result of bankruptcy
Mr Clegg described Nadir as 'in legal limbo as the result of slipping through the web of legislation governing the granting and surrendering of bail'.
So, the judge said, the warrant - issued on the basis that he had breached his bail - was not valid.
'As Mr Clegg has frankly accepted, Mr Nadir is an extremely lucky man,' the judge said.
'He probably thought when he left the country that he was commiting an offence of breach of the bail act but it turns out he was not.'
He added: 'I think it is desirable that the legal limbo as to Mr Nadir's bail status should be brought to an end and he should be given the opportunity to submit to the jurisdiction of this court.'
The bail conditions also include giving notice of his flight and surrendering travel documents. Nadir will have to apply for a British passport before he can travel, the court heard.
On his return, Nadir will be met by Serious Fraud Office investigators at the airport. The court hearing in September is likely to be a formality to fix the date of the long trial not likely to take place until next year.
If Nadir does not turn up, a legal warrant could now be issued which could be enforced outside Northern Cyprus.


Read more: http://www.dailymail.co.uk/news/article ... z0vBwQDdR9

[Kikapu]

Here's a good deal more info on the bail conditions. This from the GB Daily Mail site...

Fugitive tycoon Asil Nadir was called 'extremely lucky' by a judge today as he was given bail, paving the way for him to return to the UK to stand trial.
He fled 17 years ago to avoid a £34m fraud trial but now wants to return to clear his name of the theft allegations surrounding the collapse of his Polly Peck business empire.
However, former Conservative Party donor Nadir, 69, had said he would not risk returning without assurances that he will not be jailed while he waits for his case to be heard and asked his lawyers to apply for bail.
Yesterday William Clegg QC, representing Nadir, argued that granting bail would provide a 'a sensible and pragmatic solution' in the case and 'facilitate' his return to stand trial.
The Old Bailey heard that the Serious Fraud Office had agreed not to oppose granting of bail if stringent conditions were imposed.
But Victor Temple QC, prosecuting, said Nadir should not use the court as a 'bargaining chamber' and the bail application should be adjourned until he returned to this country and could be present at the hearing.
The judge, Mr Justice Bean, said it was 'unusual' for a bail application to be made when the defendant is out of the country. But he granted bail saying he hoped it would end the 'legal limbo' which has existed since Nadir fled Britain for Northern Cyprus, which does not have an extradition agreement with the UK.
Ten conditions on bail were imposed, including a requirement that Nadir must be at the Old Bailey for a hearing on September 3, must pay £250,000 surety to the court before his return to this country and be electronically tagged within eight hours of his arrival.

Luxury bolthole: Nadir, seen here in 1993, claims there was an abuse of process in his original fraud trial - which he fled the country to escape
Afterwards, Nadir told the Mail: 'It’s good news. It’s a very good first step. I’m more hopeful that we’ll have some fair play than I have been in the last 20 years.'
Asked if he will go back for September 3, he replied: 'Obviously. I’ve been battling for this for all these years. It’s what I’ve been fighting for.'
Nadir, who jumped £3.5million bail and fled to his native Cyprus in 1993 as his trial approached, claims he was facing false charges and a serious injustice.
He has said he wants to come back to Britain to argue that there was an abuse of process in the case brought against him by the Serious Fraud Office, meaning he could never receive a fair trial.
Yesterday the judge also quashed an arrest warrant for Nadir issued shortly after he fled after hearing that that it was issued on the misapprehension that he was on bail at that time - when technically he was not.


End of an empire: Nadir arriving at court in 1991, and the sale of his fleet of cars the same year, including a Ferrari and Rolls-Royce, as a result of bankruptcy
Mr Clegg described Nadir as 'in legal limbo as the result of slipping through the web of legislation governing the granting and surrendering of bail'.
So, the judge said, the warrant - issued on the basis that he had breached his bail - was not valid.
'As Mr Clegg has frankly accepted, Mr Nadir is an extremely lucky man,' the judge said.
'He probably thought when he left the country that he was commiting an offence of breach of the bail act but it turns out he was not.'
He added: 'I think it is desirable that the legal limbo as to Mr Nadir's bail status should be brought to an end and he should be given the opportunity to submit to the jurisdiction of this court.'
The bail conditions also include giving notice of his flight and surrendering travel documents. Nadir will have to apply for a British passport before he can travel, the court heard.
On his return, Nadir will be met by Serious Fraud Office investigators at the airport. The court hearing in September is likely to be a formality to fix the date of the long trial not likely to take place until next year.
If Nadir does not turn up, a legal warrant could now be issued which could be enforced outside Northern Cyprus.


Read more: http://www.dailymail.co.uk/news/article ... z0vBwQDdR9

Nadir, who jumped £3.5million bail and fled to his native Cyprus in 1993 as his trial approached, claims he was facing false charges and a serious injustice.

Yesterday the judge also quashed an arrest warrant for Nadir issued shortly after he fled after hearing that that it was issued on the misapprehension that he was on bail at that time - when technically he was not.

So was he on bail or was he not. If he was not on bail, will he then get his £3.5 million pounds back. ????

[Viewpoint]

I have met Mr Nadir on a few occassions and he has always maintained his inosence and the whole this was a set up to bring him down, now he has the opportunity to prove that he was framed.

[Kikapu]

I have met Mr Nadir on a few occassions and he has always maintained his inosence and the whole this was a set up to bring him down, now he has the opportunity to prove that he was framed.

What coincidence, that both you and Nadir came to the "trnc" in 1993 from the UK.!

[Viewpoint]

I have met Mr Nadir on a few occassions and he has always maintained his inosence and the whole this was a set up to bring him down, now he has the opportunity to prove that he was framed.

What coincidence, that both you and Nadir came to the "trnc" in 1993 from the UK.!

wrong again

[Kikapu]

I have met Mr Nadir on a few occassions and he has always maintained his inosence and the whole this was a set up to bring him down, now he has the opportunity to prove that he was framed.

What coincidence, that both you and Nadir came to the "trnc" in 1993 from the UK.!

wrong again

You want to change your story, now.?

[Gasman]

Didn't Lady O explain it all here a month ago?

Asil Nadir disgusted with life in occupied northern Cyprus?

http://www.cyprus-forum.com/viewtopic.php?t=30597&postdays=0&postorder=asc&start=0