Former Polly Peck International (PPI) owner Asil Nadir has been found guilty of stealing a total of more than £5.5m from the company in 1989 and 1990.
A jury at the Old Bailey found Nadir, 71, guilty of three counts of theft and innocent of one. It has yet to reach verdicts in nine other theft allegations and will resume deliberations on Tuesday. In total, he has been accused of stealing £34m from the business. The three counts for which he was found guilty amount to £5.55m, while the not-guilty verdict related to a charge of stealing £2.5m. Polly Peck International was a FTSE 100 company when it collapsed after the Serious Fraud Office launched an investigation into Nadir's finances in 1990. The company began as a small fashion ...
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