Asil Nadir, Polly Peck tycoon turned fugitive, dies aged 83 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 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.
Turkish Cypriot businessman Asil Nadir, once a fugitive from justice for stealing millions from his British Polly Peck conglomerate, has died, a social media post by his wife said.
Nadir was being treated at a hospital in the breakaway Turkish Cypriot enclave in northern Cyprus and died overnight, Turkish media reported hospital officials as saying.
But in 2012, Nadir was convicted by a British court 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.
