Once one of Britain’s richest men and a Conservative party donor, Nadir was found guilty in the UK of stealing millions from Polly Peck to fund a lavish lifestyle
, once a fugitive from justice for stealing millions from his British Polly Peck conglomerate, has died, a social media post by his wife said. He was 83. The news was confirmed to the Times newspaper by his British lawyer Giles Bark-Jones.
Once one of Britain’s richest men and a Conservative party donor, Nadir was accused of stealing from Polly Peck – a fruits-to-electronics conglomerate that had a meteoric rise in the 1980s – to fund a lavish lifestyle including purchases of antiques, racehorses and country houses. of plundering millions from Polly Peck, which he bought as a struggling textiles manufacturer and built into a business powerhouse with a stable of brands from Japan’s Sansui Electric to a division of Del Monte fruits.TurkeyIn its heyday, Polly Peck was the top performing stock on the London Stock Exchange. Nadir was feted by Margaret Thatcher’s Conservatives as a major donor and he was a frequent visitor to Downing Street.
Nadir had admitted to taking money from Polly Peck, but insisted he always balanced the books by paying money into other parts of the business.Born in 1941 in Lefke, Cyprus, Nadir began selling newspapers on the streets aged six, before moving with his family to London. His big break came after the Turkish Cypriot administration invited him to take over crop export plants on fertile orchards seized from displaced Greek Cypriots in the 1970s.
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