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GreekReporter.comEuropeNadir Pays £5 Million to British Investors

Nadir Pays £5 Million to British Investors

images-66According to the Daily Mail, the disgraced Turkish-Cypriot tycoon Asil Nadir, has reportedly paid £5 million (5.7 million euros) in compensation to his devastated investors in Britain and could now fly home within months.

“Broke” Nadir had no other choice; he would have to pay this compensation, or serve additional time to the 10-year prison sentence imposed on him last August.

Lawyers of the 71-year-old are working to secure a prisoner transfer deal to Turkey, opening the door to his return to Northern Cyprus, the Daily reports.

The former Polly Peck boss found the compensation ordered by an Old Bailey judge last year and is likely to go home less than a year into his ten-year sentence for stealing almost £29 million.

Nadir, who is being held at Belmarsh Prison, claims to be completely broke with no assets or income. His £1 million-plus bill for a defence team at the Old Bailey was paid for by legal aid.

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