Tchenguiz inquiry hits double setback

THE man in charge of the fraud investigation into the financial affairs of the Tchenguiz brothers and their connection to the collapsed Kaupthing Bank has resigned on a day which also saw dozens of documents being returned to the brothers’ lawyers.

The Serious Fraud Office’s (SFO) Mick Randall is said to be taking up a job in the private sector. But his decision to quit will raise eyebrows since it comes just two weeks after a massively high profile raid at the Tchenguiz Brothers’ Mayfair offices.

The brothers, who have strongly protested their innocence, yesterday received dozens of documents via their lawyers Stephenson Harwood, it is understood, which had been “seized in error” according to an SFO letter. The documents were returned without warning.