The man who wants to get the SFO ready for business March 21, 2011 The country’s top fraudbuster Richard Alderman may be retiring next year but after arresting Robert and Vincent Tchenguiz he has very publicly taken on the fight of his life. Earlier this month, the Serious Fraud Office (SFO), of which the 58-year-old Alderman is the director, briefly arrested and questioned the billionaire brothers along with seven [...]
Tchenguiz bros pursue $1.6bn Kaupthing claim March 16, 2011 The Tchenguiz brothers, the property magnates briefly arrested in a UK fraud probe into Iceland’s Kaupthing, won the right to pursue a claim of over £1bn in damages from the failed bank. The High Court has rejected an application by Kaupthing Bank to dismiss the claim for the technical legal reason that it did not [...]
Tchenguiz to hire Leeson’s star lawyer March 15, 2011 VINCENT Tchenguiz, who has blamed the recent Serious Fraud Office (SFO) raids at his offices for one of his companies falling into administration, yesterday appointed Stephen Pollard (pictured), rogue trader Nick Leeson’s former lawyer, as his new legal adviser. Pollard, who is one of the City’s most experienced criminal lawyers, takes the reins from John [...]
Tchenguiz on attack after firm collapses March 14, 2011 EMBATTLED tycoon Vincent Tchenguiz has blamed last week’s Serious Fraud Office (SFO) raid for a series of actions which led to his property management company, Peverel Group, entering administration after failing to repay a loan. Bank of America Merrill Lynch demanded repayment within 24 hours of the raid of a £124.6m loan plus £11.4m accrued [...]
WHAT THE OTHER PAPERS SAY THIS MORNING March 13, 2011 FINANCIAL TIMES GREEK BANK SCUPPERS HOPES OVER DEAL Alpha Bank, Greece’s third-largest lender, has killed hopes of a merger deal with larger rival National Bank of Greece, scotching the push by regulators and the government for the country’s troubled banking sector to strengthen itself through consolidation. RETAILERS RUN OUT OF IPAD 2 WITHIN HOURS Many [...]
Tchenguiz lawyer confident the tycoons will bounce back March 10, 2011 ONE of the Tchenguiz Brothers’ long-standing lawyers last night predicted the pair would bounce back from their travails at the hands of the Serious Fraud Office (SFO) following their lengthy questioning by police officers on Wednesday. Sarosh Zaiwalla, whose firm acted for them for three years until the end of last year, said: “The SFO [...]
Mayfair tycoons: We will clear our name March 9, 2011 ENFORCEMENT THE Tchenguiz brothers were held for questioning for over 12 hours by the Serious Fraud Office yesterday after being arrested in connection with the collapse of Icelandic bank Kaupthing. Vincent and Robert Tchenguiz were among seven men arrested in a series of dawn raids across London. The brothers were both released without charge last [...]
Former Kaupthing bosses are among those arrested March 9, 2011 TWO other men understood to have been arrested in London as part of the investigation into the Kaupthing collapse are Armann Thorvaldsson, former head of Kaupthing’s UK business and Sigurdur Einarsson, who was Kaupthing’s London-based executive chairman and chief executive. Einarsson briefly featured on Interpol’s wanted list before travelling back to Iceland to be grilled [...]
Mike Ashley in clear after Sports Direct fraud probe March 9, 2011 SPORTS Direct yesterday said none of its employees were now under investigation by the Serious Fraud Office as it also gave details of a £220m refinancing package. In March 2010 the Competition Commission formally cleared Sports Direct’s acquisition of 31 stores from struggling rival JJB Sports and in October 2010 the Serious Fraud Office (SFO) [...]
Tchenguiz brothers arrested in bank collapse probe March 9, 2011 Tycoons Vincent and Robert Tchenguiz are among nine people arrested in police raids connected with a probe into the collapse of Iceland’s Kaupthing bank. Britain’s Serious Fraud Office (SFO) said it coordinated the raids that took place at 12 addresses in London and Reykjavik and involved 135 police officers and SFO investigators. Seven men aged [...]