Deutsche delays Tchenguiz case

City A.M. Reporter
VINCENT and Robert Tchenguiz, who are suing the Serious Fraud Office (SFO) over a botched investigation into the property tycoon brothers, were dealt a setback yesterday when Deutsche Bank objected to the disclosure of some SFO documents.

The brothers believe documents held by the fraud-fighting agency will prove it had no grounds to arrest them and so strengthen their claim for damages.

The SFO has promised to hand over more than a million documents relating to the case, but has so far produced only a fraction of them.

Lawyers for Deutsche Bank, one of the third parties whose documents the SFO wants to pass on, said the information obtained from it by the agency was confidential and this “imposes a complete bar to disclosure”.

Deutsche Bank was the only third party to submit an objection to the court yesterday, but the court was told around 40 other entities, including a number of other banks, have also been served with disclosure requests.