Asil Nadir to face trial in October 2011

6 September 2010

Asil Nadir, the business tycoon accused of stealing more than £30 million from his own business, may not face trial until October 2011.

The businessman, who founded Polly Peck firm, fled the UK to Cyprus in 1993 after the organisation collapsed.

He returned to the UK last month after a judge agreed to offer him bail in return for agreeing to a trial.

Despite allegations from the Serious Fraud Office, Mr Nadir was under no obligation to return to the UK due to the lack of extradition treaty in place in his home country of Cyprus.

William Clegg QC, Mr Nadir’s barrister, who was quoted by the Daily Telegraph, said: “Asil Nadir is very anxious to have this case as soon as possible. We are anxious that the Crown should not be given any more time than is strictly necessary.”

However, judge David Bean countered the suggestion by saying: “"The 17-year delay is not the fault of the prosecution, it is the fault of Mr Nadir.”

Mr Nadir is due to appear before the court again in October 2010.

By Jim Ottewill

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