SFO settles with Robbie Tchenguiz

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

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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. ...