Businessman whose meteoric rise in the 1980s at the head of the Polly Peck empire ended in scandal and prosecution
Asil Nadir was the stock market poster boy of the 1980s who conned City bankers and private investors, not to mention the Conservative party, then staged a dramatic escape to spend 17 years as a fugitive before returning to the UK to face trial.
A Turkish Cypriot immigrant, Nadir, who has died aged 83, was for many years feted as a success in the UK and Turkey. A 1991 biography of him was entitled The Sultan of Berkeley Square. Charismatic, charming and stylish, with playboy looks and lifestyle, plus an air of Midas mystery, Nadir had gone from running a family “rag trade” business in the East End of London to a £2bn global business empire, offices and homes in Mayfair filled with millions in art and antiques, a Palladian mansion in Rutland and another country estate.
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Source link : https://www.theguardian.com/business/2025/feb/10/asil-nadir-obituary
Author : Michael Gillard
Publish date : 2025-02-10 17:12:09
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