SFO

SFO settles with Robbie Tchenguiz

Posted 31/07/2014 - 10:40 by anrigaut

2014-07-30 23

The Serious Fraud Office has settled Robbie Tchenguiz's damages claim for wrongful arrest just days after it settled a related claim with his older brother Vincent.

The financial watchdog will pay £1.5m to settle claims brought by Mr Tcehnguiz junior, his property investment company R20, and his trustee, Rawlinson & Hunter Trustees.

The claims stem from his arrest and the dawn raid on his home in March 2011.

The raid related to an investigation into the collapse of Kaupthing, the Icelandic bank, and its British subsidiaries.

Mr Tchenguiz and his related companies have also been awarded costs, to be determined by the High Court. ...

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SFO to pay property developer Vincent Tchenguiz £6m over botched inquiry

Posted 26/07/2014 - 08:50 by anrigaut

2014-07-24 23

The property developer Vincent Tchenguiz will receive at least £6m and an apology from the Serious Fraud Office (SFO) following the collapse of an investigation against him two years ago.

The settlement for damages and costs relates to an investigation in to the troubled Icelandic bank Kaupthing, which went under during the 2008 banking crisis. Tchenguiz's brother Robert is still in talks over an agreement with the SFO and is continuing to pursue his claim for £100m in damages. ...

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Tchenguiz brothers: SFO arrest continues to hurt busines

Posted 08/04/2014 - 07:47 by anrigaut

2014-04-06 23

Robert and Vincent Tchenguiz, the Iranian property tycoons, have reported a “significant loss of business” due to their unlawful arrest by the Serious Fraud Office in connection with the collapse of Iceland’s Kaupthing Bank.

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The next round of litigation will take place in the High Court today and tomorrow, in front of Mr Justice Eder.

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Taking financial crime seriously - or not?

Posted 04/03/2014 - 16:57 by anrigaut

4.5
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From Rowan Bosworth Davies' blog:

"Finally taking financial crime seriously.

Three former Barclays employees have been charged over the alleged manipulation of Libor benchmark interest rates.

Hamstrung SFO not capable of holding bankers to account

Posted 17/12/2013 - 08:44 by anrigaut

2013-12-16 (All day)

Iceland has sent four former directors of its bank Kaupthing to prison for fraud. But the chances of similar legal action happening in the UK are low, where fraud investigators have a poor record. ...

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City Diary: Whisper it but SFO may settle with Tchenguizes

Posted 13/12/2012 - 20:19 by anrigaut

2012-12-11 (All day)

The Serious Fraud Office expects to settle the £200m-plus compensation sought by property tycoons Vincent and Robert Tchenguiz out of court.

That’s the message from the directions hearing between the SFO and Tchenguiz family trust Rawlinson & Hunter Trustees last Monday, where Jeremy Johnson QC dropped strong hints that the planned trial date could be scrubbed out of the diary. ...

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Tchenguiz brothers launch damages case against SFO

Posted 03/12/2012 - 10:02 by anrigaut

2012-12-02 (All day)

Mayfair-based entrepreneurs Vincent and Robert Tchenguiz will launch their multi-million pound damages case against the Serious Fraud Office today. ...

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Robert Tchenguiz to sue SFO for damages after Kaupthing probe arrest

Posted 05/11/2012 - 08:25 by anrigaut

2012-11-04 (All day)

Entrepreneur Robert Tchenguiz is to take legal action against the Serious Fraud Office for damages after his arrest as part of an investigation into the collapse of Icelandic bank Kaupthing.
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Serious Fraud Office denies dropping its inquiry into Robert Tchenguiz

Posted 03/10/2012 - 20:36 by anrigaut

2012-09-15 23

The Serious Fraud Office has denied that it is poised to abandon its investigation into Robert Tchenguiz, despite releasing the property magnate from his bail conditions late last week.

The SFO insisted on Sunday that the case remains live and ongoing, and dismissed as "speculation" reports that it would soon drop the whole inquiry. It also confirmed that it is not renewing bail conditions for Tchenguiz or the two other remaining suspects in its three-year investigation into the collapse of the Icelandic bank Kaupthing. ...

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Robert Tchenguiz bail move signals the end of SFO investigation

Posted 17/09/2012 - 09:42 by Tricky Dicky

2012-09-14 22

Property entrepreneur Robert Tchenguiz has been released from bail, leading to a growing belief that the Serious Fraud Office is preparing to drop its long-running investigation of his business activities.

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