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

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

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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. ...