Asil Nadir Released From UK Prison Returns To North Cyprus

Asil Nadir Released From UK Prison Returns To North CyprusAsil Nadir has been released from Belmarsh Prison and is currently being held at Silivri Prison in Istanbul. It is expected that he will then travel on to North Cyprus where he will spend the rest of his sentence under house arrest. He was jailed in 2012 and was serving a ten year sentence after being found guilty of theft of £29m from his Polly Peck empire 25 years ago.

Having spent 5.5 years inside he became entitled to parole. A UK Ministry of Justice spokesman said:

“It is right that foreign criminals are properly punished but not at the expense of British taxpayers. This government is committed to removing foreign criminals to their own countries. Since Asil Nadir has now repaid the £2m he owed the Legal Aid Agency, plus £5m in compensation he paid earlier, arrangements were made with the Turkish government for his removal as part of our Prisoner Transfer Agreement.”

In 1990, Polly Peck collapsed with debts of £550 million following serious allegations of share price manipulation. Three years later Nadir fled to North Cyprus while awaiting trial and remained there until he decided to return to Britain of his own free will in 2010.

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