Zoran Tancic

It was announced in the High Court yesterday that businessman Zoran Tancic had accepted damages for libel from The Independent over allegations that money he had donated to the Conservative Party was "tainted".

His solicitor, Mr Andrew Stephenson, told the court that Mr Tancic, who was born in Belgrade, had no links with Radovan Karadzic or the Bosnian Serb leadership as had been made clear in an earlier article published in The Independent and that it was wrong to condemn Mr Tancic for his association with a Russian said to have been at the centre of a corruption scandal, but against whom no charges had ever been brought.