Tchenguiz brothers to sue SFO for £200m over arrests
The Tchenguiz brothers are to sue the Serious Fraud Office (SFO) for more than £200m after it scrapped a high-profile investigation into the property tycoons' role in the banking crisis.
Robert and Vincent Tchenguiz were arrested by the SFO in dawn raids on their homes in March last year. However, the agency was forced to drop its case against Vincent, pictured, in May and Robert in October.
Yesterday's claim for damages at a hearing in London will be the biggest in the history of the SFO and, if awarded, will raise huge questions about its future. It is double the figure that the Mayfair-based brothers first suggested in a letter to the former head of the agency, Richard Alderman.
Alison McDonald, the counsel for Robert Tchenguiz, told the High Court yesterday her client had filed a claim for false imprisonment against the SFO and is seeking damages in the wake of his arrest.
Rosalind Phelps, for Vincent Tchenguiz, said a claim for trespass had been submitted but further claims were being considered against the SFO for misfeasance in a public office and malicious prosecution, as well as a claim under the Human Rights Act.
The brothers' arrests were part of an SFO investigation into the collapse of Kaupthing, the Icelandic bank.
- 2 Moscow voted the world's unfriendliest city
- 3 The excuses your boss is most likely to believe when you call in sick
- 4 I'm pansexual – here are the five biggest misconceptions about my sexuality
- 5 More than 11,000 Icelanders offer to house Syrian refugees to help European crisis
The one chart that shows how George Osborne is almost certainly going to be our next Prime Minister
The excuses your boss is most likely to believe when you call in sick
Bono's group has made more money from Facebook investment than from all his music
Three-year-old ultra-Orthodox Jewish children told 'the non-Jews' are 'evil' in worksheet produced by London school
Wikipedia rocked by 'rogue editors' blackmail scam targeting small businesses and celebrities
Climate change: 2015 will be the hottest year on record 'by a mile', experts say
Jeremy Corbyn calls Osama bin Laden's killing a 'tragedy' - but was it taken out of context?
If these extraordinarily powerful images of a dead Syrian child washed up on a beach don’t change Europe’s attitude to refugees, what will?
Tony Blair attacks Jeremy Corbyn's 'Alice In Wonderland' politics
Theresa May says migrants should be banned from entering the UK unless they have jobs lined up
If you're not already angry about the refugee crisis, here's a history lesson to remind you why you really should be
iJobs Money & Business
£14000 - £16000 per annum: Recruitment Genius: This company was established in...
£20000 - £25000 per annum + OTE 40k: SThree: SThree are a global FTSE 250 busi...
£20000 - £25000 per annum + competitive: SThree: SThree are a global FTSE 250 ...
Voluntary and unpaid, reasonable expenses reimbursable: Reach Volunteering: St...