Polly Peck owner guilty of more theft charges

Business tycoon Asil Nadir has been found guilty of a total of ten charges of theft from his now-collapsed Polly Peck empire.

The 71-year-old was convicted by an Old Bailey jury on Wednesday of stealing a total of £29m from the company between 1987 and 1990. He has been cleared of three charges. The judge will pass sentence on Nadir later, reports the BBC. 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 business but, under Nadir's ownership, expanded into food, leisure and electronics. Among its investors were Anthony Bolton, manager of the Fidelity Special Situ...