Nadir expected to mount legal challenge
Wednesday 21 May 1997
Privately British officials were doubtful yesterday that Mr Nadir could be extradited from Turkey. Britain has no extradition treaty with Turkey, but the Turkish Government do normally hand over wanted suspects under a Council of Europe agreement.
There were reports in Istanbul yesterday that suggested the Turkish authorities would be unlikely to send Mr Nadir back to Britain.
The Serious Fraud Office reiterated last week that it would still like Mr Nadir to face fraud charges worth over pounds 30m relating to the collapse of his electronics to fruit empire seven years ago.
Yesterday liquidators from Coopers & Lybrand said they suspected that Mr Nadir had flown to Istanbul in order to launch a legal challenge to Coopers' proposed sale of the very last bits of his former empire.
These consist of two Polly Peck subsidiaries, Meyna and Unipac, which produce cardboard boxes for the Mediterranean fruit market.
Chris Barlow, who has headed Cooper's liquidation team since Polly Peck went bust, said: "We have battled through the courts for six and a half years to sell off all the companies in order to realise the money owed to creditors, and these are the last two."
He added: "Now we fear more problems from Mr Nadir. In the past he's launched over 30 legal actions trying to stop us selling Polly Peck companies."
Mr Barlow pointed out that it was the creditors of the Polly Peck empire who lost out every time Mr Nadir delayed these sales.
- 2 Rarest Beanie Baby of them all could be sold for £62,500 on eBay
- 3 Professional big game hunter Ian Gibson crushed to death by elephant during hunt
- 4 Farmer told to tear down mock-Tudor castle after hiding construction behind hay bales
Yemen crisis: Meet the child soldiers who have forsaken books for Kalashnikovs
Alan Rickman admits editing 'terrible' script with friends in Pizza Hut behind backs of writers on Robin Hood: Prince of Thieves
Rarest Beanie Baby of them all could be sold for £62,500 on eBay
Professional big game hunter Ian Gibson crushed to death by elephant during hunt
Farmer told to tear down mock-Tudor castle after hiding construction behind hay bales
If I’m being racially abused I don’t need a stranger with a saviour complex to rescue me
The only black face in the Ukip manifesto is on the page about overseas aid
Ukip is the only main political party to not address LGBT rights in its manifesto
Food banks: One million Britons will soon be using them, according to Trussell Trust
Religion isn't growing, it is becoming vigorous in its demise, says philosopher AC Grayling
BBC election debate: The one photo that summed up the whole 90-minute leaders debate
iJobs Money & Business
£20000 - £25000 per annum + OTE £45,000: SThree: SThree Group have been well e...
£50000 - £667000 per annum + excellent benefits : Ashdown Group: IT Manager / ...
£13000 - £20000 per annum: Recruitment Genius: Scotland's leading life insuran...
£40000 - £45000 per annum + benefits : Ashdown Group: Training Programme Manag...