I Have Made No Deal Says Tycoon Nadir as He Returns to Britain

The Evening Standard (London, England), August 26, 2010 | Go to article overview

I Have Made No Deal Says Tycoon Nadir as He Returns to Britain


Byline: Ross Lydall and Miranda Bryant at Luton airport

FUGITIVE tycoon Asil Nadir today said he had "no fears" as he returned to Britain to face a [pounds sterling]34 million fraud trial.

Mr Nadir, 69, once one of the UK's highest-profile businessmen, vowed to clear his name as he flew into Luton airport in a private jet after spending 17 years on the run.

He fled to northern Cyprus -- which has no extradition treaty with Britain -- in 1993 to avoid trial for 66 counts of theft relating to the collapse of his Polly Peck business empire.

Speaking before his flight today, Mr Nadir, who was accompanied by his 26-year-old wife Nur, said: "Innocent people never have fears when they go to face injustice.

"They should not fear anything. I'm hoping that the environment at the moment is correct for this injustice to be put to bed."

Mr Nadir's plane touched down at Luton at 1.29pm to be met by immigration officials. A silver XJ series Jaguar, with a police escort, was waiting for him.

An airport spokeswoman said: "The airport has not arranged any special facilities and the gentleman went out of a separate exit to stop any public order issues."

Mr Nadir has reportedly rented a [pounds sterling]20,000-a-month house in Mayfair and is due to appear at the Old Bailey on September 3. He is on [pounds sterling]250,000 bail and its conditions will require him to wear an electronic tag, surrender his passport, report to a police station and obey a curfew.

He told BBC Radio 4's Today programme that he had not struck a deal with prosecutors in advance of his return. …

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